Question
upstudy study bank question image url

\( 1 \leftarrow \) 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.)

Ask by Estrada Barker. in the United States
Mar 20,2025

Upstudy AI Solution

Tutor-Verified Answer

Answer

The country's population in 2024 will be approximately 139.88 million.

Solution

We begin with the exponential growth model \[ P(t)=P_0\left(1+\frac{r}{100}\right)^t, \] where \( P_0 = 146 \) million is the initial population (in 2011), \( r = -0.328 \) is the annual growth rate in percent, and \( t \) is the number of years from 2011. In 2024, the number of years is \[ t = 2024 - 2011 = 13. \] Since the growth rate is \(-0.328\%\), the annual multiplier is \[ 1 + \frac{-0.328}{100} = 1 - 0.00328 = 0.99672. \] Thus, the population in 2024 is estimated by \[ P(2024)=146\left(0.99672\right)^{13}. \] Now we compute \(\left(0.99672\right)^{13}\). Using logarithms, \[ \left(0.99672\right)^{13}=\exp\left(13\ln(0.99672)\right). \] Approximating \(\ln(0.99672)\) (note that for small \(x\), \(\ln(1-x) \approx -x\)), \[ \ln(0.99672)\approx -0.00328. \] Then \[ 13\ln(0.99672)\approx -0.04264, \] \[ \exp(-0.04264)\approx 0.95824. \] Multiplying by the initial population, \[ P(2024)\approx146\cdot0.95824\approx139.88. \] Thus, the projected population in 2024 is about \[ \boxed{139.88} \text{ million.} \]

Answered by UpStudy AI and reviewed by a Professional Tutor

error msg
Explain
Simplify this solution

Extra Insights

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.

Latest Pre Algebra Questions

Try Premium now!
Try Premium and ask Thoth AI unlimited math questions now!
Maybe later Go Premium
Study can be a real struggle
Why not UpStudy it?
Select your plan below
Premium

You can enjoy

Start now
  • Step-by-step explanations
  • 24/7 expert live tutors
  • Unlimited number of questions
  • No interruptions
  • Full access to Answer and Solution
  • Full Access to PDF Chat, UpStudy Chat, Browsing Chat
Basic

Totally free but limited

  • Limited Solution
Welcome to UpStudy!
Please sign in to continue the Thoth AI Chat journey
Continue with Email
Or continue with
By clicking “Sign in”, you agree to our Terms of Use & Privacy Policy