SOLUTION: If the population of a country was 11.4 million in 1995 and grows at an annual rate of 1.46%, find the population by the year 2000. Round to one decimal place.

SOLUTION: If the population of a country was 11.4 million in 1995 and grows at an annual rate of 1.46%, find the population by the year 2000. Round to one decimal place.

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Question 1006946: If the population of a country was 11.4 million in 1995 and grows at an annual rate of 1.46%, find the population by the year 2000.
Round to one decimal place.
Answer by fractalier(6550) (Show Source): You can put this solution on YOUR website!
This is an exponential growth problem...we can express it this way:
A(t) = Ao(1 + r)^t
and in this case (where t = 15 years)
A(15) = 11.4(1 + .0146)^15 = 14.2 million
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