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20 September, 17:02

A country's population in 1995 was 197 million. In 2002 it was 201 million. Estimate the population in 2018 using the exponential growth formula. Round your answer to the nearest million

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  1. 20 September, 17:27
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    First find the growth rate

    201=197 (1+r) ^ (2001-1995)

    Solve for r

    R = ((201:197) ^ (1:7) - 1) * 100

    R=0.29%

    Predict the population in 2018

    P=201 * (1+.0029) ^ (16)

    P=210.5 ... answer
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