Answer:
a)55.48 years
b)9.725 billions
Explanation:
First of all, note that when you increase certain amount by x percent, you only have to multiply that amount for a decimal number following this rule:
![New=Original(1+(x)/(100))](https://img.qammunity.org/2020/formulas/mathematics/high-school/4ycf2bhvmbcqkter7jdzyn98qv0k7bfh2v.png)
For example, if you increase 5.3 billion by 20%, then:
![New=5.3billion(1+(20)/(100))\\ New=5.3billion(1.2)](https://img.qammunity.org/2020/formulas/mathematics/high-school/4hyuifuzoqkj4qx9p9b4kxr31a3plw24mm.png)
![New=6.36 billion](https://img.qammunity.org/2020/formulas/mathematics/high-school/h1mw87a2xhucj8ejgjgr5722eu9vtehrvt.png)
In the problem you need to increase the population by 2%/year, then after one year you'll have:
![Q=5.3(1+(2)/(100))billions\\Q=5.3(1.02) billions\\Q=5.406 billions](https://img.qammunity.org/2020/formulas/mathematics/high-school/blqhxy2wf7rpog80djr5fks3var32myekb.png)
Note that this last quantity will increase 2% in the second year, then:
![Q(2)=5.3(1.02)(1.02) billions\\Q(2)=5.3(1.02)^(2) billions](https://img.qammunity.org/2020/formulas/mathematics/high-school/nii69rky4idhtu6nrobzqhs7xw4xw0jmgv.png)
In the third year the population will be:
![Q(3)=5.3 (1.02)(1.02)(1.02)\\Q(3)=5.3(1.02)^(3) billions](https://img.qammunity.org/2020/formulas/mathematics/high-school/wqqqqkpyuzx8w8frxusx8r6768e6unr785.png)
Then, the function Q(t) that expresses the world population (in billions) is given by:
![Q(t)=5.3 (1.02)^(t)](https://img.qammunity.org/2020/formulas/mathematics/high-school/sc0zjt57re5x99k3c22cvr7wl2c7f4g9mu.png)
where t=0 corresponds to the beginning of 1990 (5.3 billions).
a)The time necessary for the population to triple in size is given by:
![3(5.3)=5.3(1.02)^(t)\\ 3=1.02^(t)](https://img.qammunity.org/2020/formulas/mathematics/high-school/bc5hq0uum7w1nwu87dbzte190oh0vaa9uz.png)
To solve for t, you need to apply the natural logarithm or the common logarithm in both sides of the equation:
![ln(3)=ln[(1.02)^(t)]\\ln(3)=t(ln(1.02))\\t=(ln(3))/(ln(1.02))\\ t=55.48 years](https://img.qammunity.org/2020/formulas/mathematics/high-school/srs9a7hzc1l4mk9hdp7vr9490doxwco0j3.png)
Then, the time required to the population to triple in size is 55.48 years.
b)If the growth rate were reduced to 1.1%/year, the function would be:
![Q(t)=5.3(1+(1.1)/(100) )^(t)\\Q(t)=5.3(1.011)^(t)](https://img.qammunity.org/2020/formulas/mathematics/high-school/22lc7yo7zqz3odmb2h0uri6488iogs29rh.png)
The world population at the time obtained in a) would be:
![Q(55.48years)=5.3(1.011)^(55.48)\\ Q(55.48years)=9.725 billions](https://img.qammunity.org/2020/formulas/mathematics/high-school/ohif9gfa8dtzeop9g6fwu7vi3ln0qota12.png)