Question

Need help quick!!

Answer 1

in year 2006, the population was equal to 12.69 mil
the yearly growth rate is 1.1%

this means that in year 2007, the population will be
12.69+(.011)12.69 =12.69(1+.011)=12.69(1.011)=y1

then 2008 would be
y1+y1(.011)= y2
and so on and so forth

this can be represented by the equation

population= 12.69(1.011)^t
where t is number of years that pass

Answer 2

im confused on the 2007 equation

Answer 3

whats up with the y1+y1(.011)

Answer 4

Use the exponential growth formula

Answer 5

Thanks hero

Answer 6

@Hero is this the formula y=a(1+r)^x?