Question

A countrys population in 1992 was 222 million. In 2001 it was 224 Million. Estimate the population growth in 2004 using the exponential growth formula. Round your answer to the nearest million.

Answer 1

Find the rate of growth
224=222(1+r)^(2001-1992)
Solve for r
R=0.000997 without %
P=224(1.000997)^(2004-2001)
P=224×(1.000997)^(3)
P=224.67 million