Question

The population of mexico has been increasing at an annual rate of 1.7%. If the population of mexico was 104900000 in the year 2003, predict the population of mexico in 2019

Answer 1

Answer: 137,375,958

Explanation:

Exponential growth equation:

`y=A(1+r)^x` , where A = initial population , x= time , r =rate of growth.

As per given: r = 1.7% = 0.017

Population of Mexico in 2003 : A= 104900000

In 2019 , x = 2019-2003 = 16

Population in Mexico :
`y=104900000 (1+0.017)^(16)=104900000 (1.017)^(16)`

`=104900000 (1.30958968823)\approx137375958`

Population of Mexico in 2019 = 137,375,958