\( 1 \leftarrow \) A country's population and the growth rate in 2011 are given below. Assume that the growth rate remains the same from year to year. Use this information and an exponential model to estimate the country's population in the specified year. population \( =146 \) million; growth rate \( =-0.328 \) percent, year, 2024 The size of the population in the 2024 will be about \( \square \) million. (Round to the nearest hundredth as needed.)
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To estimate the population in 2024, we can use the exponential growth formula: \[ P(t) = P_0 \times (1 + r)^t \] Where: - \( P_0 = 146 \) million (the initial population in 2011), - \( r = -0.00328 \) (the growth rate as a decimal), - \( t = 2024 - 2011 = 13 \) years. Plugging in the values: \[ P(13) = 146 \times (1 - 0.00328)^{13} \] Calculating this: \[ P(13) = 146 \times (0.99672)^{13} \approx 146 \times 0.96437 \approx 140.54 \text{ million} \] So, rounding to the nearest hundredth, the estimated population in 2024 will be approximately \( 140.54 \) million.
