Math Problem Statement

This exercise uses the exponential growth model.

The population of a country has a relative growth rate of 2% per year. The government is trying to reduce the growth rate to 1%. The population in 2011 was approximately 100 million. Find the projected population (in million people) for the year 2035 for the following conditions. (Round your answers to the nearest million.)

(a)

The relative growth rate remains at 2% per year.

million people

(b)

The relative growth rate is reduced to 1% per year.

million people

Solution

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Math Problem Analysis

Mathematical Concepts

Exponential Growth
Population Modeling

Formulas

P(t) = P0 * e^(rt)

Theorems

Exponential Growth Model

Suitable Grade Level

Grades 10-12