Question

China’s urban population is growing at 2.5% a year, compounding continuously. If there were 13.7 million people in Shanghai in 1996, approximately how many people will there be in 2017? Apply the formula Upper N equals Upper N Subscript 0 Baseline e Superscript r ⁢ t, where Upper N represents the number of people. Answer in terms of millions of people. Round your answer to one decimal place.

Answer 1

Answer:

$24.35 million$

Step-by-step explanation:

people in Shanghai - 13.7 million

population = 2.5% year

$13.7 * 2.7183^(.025*23)$

then the value is $24.35 million$