Math Problem Statement
On January 1st 2020 the populations of Japan and the Philippines were 126.5 million and 109.6 million respectively. Japan’s population is currently decreasing by 0.2% per year while the population of the Philippines is increasing by 1.6% per year. If these rates of change remain constant, during which year will the two populations be the same?
Solution
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Math Problem Analysis
Mathematical Concepts
Exponential Growth
Exponential Decay
Algebraic Equations
Formulas
P_J(t) = 126.5 * (1 - 0.002)^t
P_P(t) = 109.6 * (1 + 0.016)^t
Theorems
Exponential Growth and Decay Formula
Suitable Grade Level
Grades 9-12
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