The population of a country is growing at a rate of 2.5% compounded continuously. If the population at present is 145 million, what the population will be afte

Question

Write the answer to the nearest million. Please show steps. thank you.

Answer 1

Plug in 5 for t, 0.025 for r and 145 million for P 

 

T = 145 * e^(0.025*5)

T = 145 * e^(0.125)

T ~ 145 * (1.133)

T ~ 164.3

 

T ~ 164 million