SOLUTION: The population of a certain geographic region is approximately 121 million and grows continuously at a relative growth rate of 1.59%. What will the population be in 5 years? Comput

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: The population of a certain geographic region is approximately 121 million and grows continuously at a relative growth rate of 1.59%. What will the population be in 5 years? Comput      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


    

Question 728004: The population of a certain geographic region is approximately 121 million and grows continuously at a relative growth rate of 1.59%. What will the population be in 5 years? Compute the answer to three significant digits
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
The population of a certain geographic region is approximately 121 million and grows continuously at a relative growth rate of 1.59%. What will the population be in 5 years? Compute the answer to three significant digits
----
1.59% = 0.0159
-------
Ans: (121 million)(1.0159)^5 = 121*1.0821 = 130.93 million
==========================
Cheers,
Stan H.