SOLUTION: The population of the world in 1987 was about 5 billion, and the relative growth rate was estimated at about 2 percent per year. Assuming that the world population follows an expon

Algebra ->  Exponential-and-logarithmic-functions -> SOLUTION: The population of the world in 1987 was about 5 billion, and the relative growth rate was estimated at about 2 percent per year. Assuming that the world population follows an expon      Log On


   

Question 1202844: The population of the world in 1987 was about 5 billion, and the relative growth rate was estimated at about 2 percent per year. Assuming that the world population follows an exponential growth model, find the projected world population in 1992. Round your answer to 2 decimal places.
The world population in 1992 is projected to be
billion people.
Answer by josgarithmetic(39618) About Me  (Show Source):
You can put this solution on YOUR website!
x years since 1987,
y=5%281.02%29%5Ex
.
.
.