Question

What will be the approximate population of the United States if the current population of 300 million grows at a compound rate of 2% annually for 25 years?

Answer 1

492.18 million

Step-by-step explanation:

The computation of the approximate population is shown below:

= Current population × (1 + growth compound rate)^number of years

where,

The Current population is 300 million

Growth compound rate is 2%

And, the number of years is 25

Now placing these values to the above formula

So, the estimated population is

= 300 million × (1 + 2%)^25

= 492.18 million