PLEASE HELP WILL MEDAL
One estimate of the population of the world on January 1, 2005, is 6,486,915,022. The population is estimated to be increasing at the rate of 1.4% per year. At this rate, what will the population of the world be on January 1, 2024? Round your answer to the nearest whole number.

A. 8,212,434,418
B. 8,448,105,986
C. 7,395,083,125
D. 9,086,227,907

Question

PLEASE HELP WILL MEDAL
One estimate of the population of the world on January 1, 2005, is 6,486,915,022. The population is estimated to be increasing at the rate of 1.4% per year. At this rate, what will the population of the world be on January 1, 2024? Round your answer to the nearest whole number.

 		A.	8,212,434,418
 		B.	8,448,105,986
 		C.	7,395,083,125
 		D.	9,086,227,907

anonymous · Answer

just multiply 6486...*1.014^n where n is diff of 2005 and 2024

anonymous · Answer

A = P(1 + r/100)^n
A  = 6,486,915,022*(1 + 1.4/100)^19
A = 8,448,105,986.35075
   ~ 8,448,105,986

anonymous · Answer

Thank you