Question

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.

Answer 1

use 110million(1+3/100)^25

Answer 2

110*10^6*(1.03)^25

Answer 3

so to the millionth it looks like it would be 230

Answer 4

Yeap

Answer 5

If you have a second how did you come up with the equation?

Answer 6

Its a long process, will take a time to derive it

Answer 7

(3/100)*110*25+110
82.5+110
192.5 million