Question

Suppose a country has a population of 50 million and projects a growth rate of 4% per year for the next 20 years. What will the population of this country be in 11 years? (Round your answer to two decimal places.)

Answer 1

Answer:

The population of this country in 11 years will be 76972702.82

Step-by-step explanation:

The population of this country in 11 years can be calculated using the formula

Population in 11 years =  Starting population x $(1+growth rate)^{period}$

Thus

Population in 11 years =50000000×$(1+0.04)^{11}$ =76972702.82