in 2010, the worls population was 6848932929. with a growth rate of approximately 1.07% predict the population. Using the population growth and decay formula, P=Ae^kt

Question

Using the population growth and decay formula which is P=Ae^kt to find the population in 10 years

Answer 1

P=Ae^kt

A = Initial Value

k = growth/decay rate

t = time

Putting everything together:

Since the growth rate is 1.07%, that mean its growing. Exponentially it means that it is increasing more than the base/initial value with time. k = 0.0107.

Prediction of Population after 10 Years: P = 6848932929 * e ^{0.0107(10 years)} = 7.6224120633 * 10⁹