The James family went out to eat and their total bill was $110. Since the service was great, they will leave a 20% tip. How much
2 answers:
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The answer is 138 million.
Step 1. Calculate the growth rate.
Step 2. Calculate the population number in 2014.
We will use the formula for exponential growth:
A = P * eⁿˣ
where:
A - the final amount (value)
P - the initial amount (value)
e - the mathematical constant (e ≈ 2.72)
n - the growth rate
x - the time
Step 1:
A = 120 million = 120 000 000
P = 114 million = 114 000 000
n = ?
x = 1997 - 1991 = 6
Therefore:
Logarithm both sides of the equation:
Step 2:
Now when we know the growth rate, it is easy to estimate the population in 2014
A = ?
P = 120 000 000
n = 0.0083
t = 2014 - 1997 = 17
Thus, the population will be 138 million in 2014
Step 1. Calculate the growth rate.
Step 2. Calculate the population number in 2014.
We will use the formula for exponential growth:
A = P * eⁿˣ
where:
A - the final amount (value)
P - the initial amount (value)
e - the mathematical constant (e ≈ 2.72)
n - the growth rate
x - the time
Step 1:
A = 120 million = 120 000 000
P = 114 million = 114 000 000
n = ?
x = 1997 - 1991 = 6
Therefore:
Logarithm both sides of the equation:
Step 2:
Now when we know the growth rate, it is easy to estimate the population in 2014
A = ?
P = 120 000 000
n = 0.0083
t = 2014 - 1997 = 17
Thus, the population will be 138 million in 2014