The question refers to the mathematical concept of exponential growth. By using the exponential growth formula, which includes the initial population, the growth rate, and the passage of time, the population of the National Capital Region (NCR) after 1995 can be calculated.
The population in the National Capital Region (NCR) in 1995 was 9,454,040, with an annual growth rate of 2.4%. You observe this as a case of exponential growth. Exponential growth is when a quantity increases by a constant percentage rate over a given period. The formula for this involves using the initial quantity (in this case the initial population of NCR), the growth rate, and the passing of time.
Formula for the population growth can be expressed as: P = P0 * (1 + r)^t, where: P0 = Initial population (9454040), r = growth rate (2.4% or 0.024 in decimal form), and t = time in years. By substituting these values into the formula you can calculate the population at any given year after 1995.
Learn more about Exponential Growth