Math Problem Statement

In January 2005, the population of California was 36.8 million and growing at an annual rate of 1.3%. Assume that growth continues at the same rate. By how much will the population increase between 2025 and 2045? By _____ million (to the nearest 0.001 million)

Solution

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Math Problem Analysis

Mathematical Concepts

Exponential Growth
Population Growth Modeling

Formulas

P(t) = P0 * (1 + r)^t

Theorems

Exponential Growth Theorem

Suitable Grade Level

Grades 10-12