Suppose that the population of a certain country grows at an annual rate of 6.5%. If the current population is 4 million, what will be the population in 10 years? (Round your answer to the nearest 100 thousand people.)

Question

show your work

Answer 1

To calculate the population in 10 years, we can use the formula for exponential growth:

Population = Initial Population * (1 + Growth Rate)^Number of Years

Population = 4,000,000 * (1 + 0.065)^10
Population = 4,000,000 * (1.065)^10
Population = 4,000,000 * 1.8696825
Population ≈ 7,478,730

Therefore, the population in 10 years will be approximately 7.5 million people.