Suppose a country has a population of 50 million and projects a growth rate of 4% per year for the next 20 years. What will the population of this country be in 11 years? (Round your answer to two decimal places.)
Accepted Solution
A:
Answer:The population of this country in 11 years will be 76972702.82Step-by-step explanation:The population of this country in 11 years can be calculated using the formulaPopulation in 11 years = Starting population x [tex](1+growth rate)^{period}[/tex]ThusPopulation in 11 years =50000000×[tex](1+0.04)^{11}[/tex] =76972702.82