SOLUTION: The population of the world in 1987 was 5 billion and the growth rate was estimated at 7 percent per year. Assume that the population follows an exponential growth model of the for

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Question 729639: The population of the world in 1987 was 5 billion and the growth rate was estimated at 7 percent per year. Assume that the population follows an exponential growth model of the form . Find the projected world population in 1999. Give your answer in terms of billions of people.
Your answer is billion
Answer by josgarithmetic(39617) About Me  (Show Source):
You can put this solution on YOUR website!
One could use the simpler method, p%28t%29=5%281.07%29%5Et, where t is how many years beyond 1987.