SOLUTION: Suppose a country has a population of 20 million and projects a growth rate of 4% per year for the next 20 years. What will the population of this country be in 5 years? What I

Algebra ->  Logarithm Solvers, Trainers and Word Problems -> SOLUTION: Suppose a country has a population of 20 million and projects a growth rate of 4% per year for the next 20 years. What will the population of this country be in 5 years? What I       Log On


   

Question 1116103: Suppose a country has a population of 20 million and projects a growth rate of 4% per year for the next 20 years. What will the population of this country be in 5 years?
What I have done is 20e^(.04*5)
I have no idea if I am on the right page or not, please help!
Answer by josgarithmetic(39620) About Me  (Show Source):
You can put this solution on YOUR website!
You could do it like this:

4% per year, for next 20 years,

20%2A%281.04%29%5E20


But same rate for only 5 years,
20%281.04%29%5E5