Question

The countries population in 1992 was 147 million . In 1996 it’s was 153 million. estimate the population in 2008 used The exponential growth formula. Round your answer to the nearest million

Answer 1

To estimate the population in 2008 using the exponential growth formula, we need to find the growth rate and use it in the formula. The estimated population in 2008 is approximately 216 million.

Step-by-step explanation:

To estimate the population in 2008 using the exponential growth formula, we need to find the growth rate. The growth rate is the percentage increase from one year to the next. To calculate the growth rate, we can use the formula:

Growth Rate = (New Population - Old Population) / Old Population

Using the given information, the old population in 1992 was 147 million and the new population in 1996 was 153 million.

Growth Rate = (153 - 147) / 147 = 0.0408

Next, we can use the growth rate to estimate the population in 2008:

Estimated Population in 2008 = Old Population * (1 + Growth Rate)^(Number of Years)

Number of Years = 2008 - 1996 = 12

Estimated Population in 2008 = 153 million *
`(1 + 0.0408)^(12)`

Rounding the answer to the nearest million, the estimated population in 2008 is approximately 216 million.