SOLUTION: Suppose the population of a country was 200,000,000. If the population grows by 1.5% annually, by how many people will the population increase in the next 6 years?

Algebra ->  Exponential-and-logarithmic-functions -> SOLUTION: Suppose the population of a country was 200,000,000. If the population grows by 1.5% annually, by how many people will the population increase in the next 6 years?      Log On


   

Question 583758: Suppose the population of a country was 200,000,000. If the population grows by 1.5% annually, by how many people will the population increase in the next 6 years?
Answer by Alan3354(69443) About Me  (Show Source):
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Suppose the population of a country was 200,000,000. If the population grows by 1.5% annually, by how many people will the population increase in the next 6 years?
Increase = 2E8*(1 + 0.015)^6 - 2E8
= 2E8*(1.105^6 - 1)
=~ 2E8*0.09344
=~ 18,688,653