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OpenStudy (anonymous):
The population of a country has grown 3% per year. If the population in 1995 was approximately 110 million, find the population for 2020 if the rate stays the same. Round to nearest millionth.
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OpenStudy (anonymous):
use 110million(1+3/100)^25
OpenStudy (anonymous):
110*10^6*(1.03)^25
OpenStudy (anonymous):
so to the millionth it looks like it would be 230
OpenStudy (anonymous):
Yeap
OpenStudy (anonymous):
If you have a second how did you come up with the equation?
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OpenStudy (anonymous):
Its a long process, will take a time to derive it
OpenStudy (anonymous):
(3/100)*110*25+110 82.5+110 192.5 million
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