The annual growth rate of the world's population in 2014 was k=1.1%. The population of the world in 2014 was 7,137,577,750. Letting t=0 represent 2014, use growth model to predict pop. In 2024

Question

This question is over exponential growth

Answer 1

P0 = 7137577750

1.1% growth = 100% + 1.1% = 101.1% = 1.011

P(t)= P0*(1.011)^(t-2014) where t is the year since 2014

If t=2024, then t-2014 = 10

P0*(1.011)^10 = 7962737665