Final answer:
The population of the country will be 438 million around 2011.
Step-by-step explanation:
The exponential model A=354.7e^(0.01t) represents the population, A, of a country in millions, t years after 2003. To determine when the population will be 438 million, we can substitute A=438 into the equation and solve for t:
438 = 354.7e^(0.01t)
Divide both sides by 354.7:
e^(0.01t) = 438/354.7
Take the natural logarithm of both sides to remove the base e:
ln(e^(0.01t))=ln(438/354.7)
0.01t=ln(438/354.7)
Divide both sides by 0.01 to isolate t:
t = ln(438/354.7)/0.01
Using a calculator, we can find that t is approximately 8.287 years after 2003. Therefore, the population of the country will be 438 million around 2011.