Final answer:
The projected population of San Jose, California, in mid-2015, assuming a constant annual growth rate of 1.4%, is calculated to be approximately 1,089,543.
Step-by-step explanation:
The question is asking for a calculation of the future population of San Jose, California, based on a given annual growth rate over a specific period of time. To solve this, we will use the formula for exponential growth:
P = P0 × (1 + r)t
Where:
- P is the future population,
- P0 is the initial population,
- r is the annual growth rate (expressed as a decimal), and
- t is the number of years.
Starting with a population of about 1.0 million in mid-2009 and using the annual growth rate of 1.4% (or 0.014 as a decimal), we can calculate the population for mid-2015, which is 6 years later:
P = 1,000,000 × (1 + 0.014)6
Calculating the exponent:
P = 1,000,000 × 1.089543
Now, multiplying the initial population by the growth factor:
P ≈ 1,089,543
So, the projected population of San Jose in mid-2015 is approximately 1,089,543.