The exponential growth function is P(t) = 6.38 million x (1.0238^t).
The population of the city in 2018 is 7.35 million.
The year the population would be 9 million is 14.46 years.
The doubling time is 29.12 years.
<h3>What is the exponential growth function?</h3>
FV = P (1 + r)^n
- FV = Future population
- P = Present population
- R = rate of growth
- N = number of years
6.38 million x (1.0238^t)
Population in 2018 = 6.38 million x (1.0238^6) = 7.35 million
Number of years when population would be 9 million : (In FV / PV) / r
(In 9 / 6.38) / 0.0238 = 14.46 years
Doubling time = In 2 / 0.0238 = 29.12 years
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