Statistics indicate that the world populationsince world war II has been growingexponentially. If we assume exponentialgrowth, the world population can be modelecby P (t) = 3(1.013) where P(t) is theworld population in billions and t is the time inyears since 1999.When (which year) will the population reach12 billion? {your final answer just numberwithout decimal}

Exponential growth is rate of growth that increases over the time period. It is dependent on the…

Statistics indicate that the world population since world war II has been growing exponentially. If we assume exponential growth, the world population can be modeled by P (t) = 3(1.013) where P(t) is the world population in billions and t is the time in years since 1999. When (which year) will the population reach 12 billion? {your final answer just number without decimal}

Statistics indicate that the world population since world war II has been growing exponentially. If we assume exponential growth, the world population can be modeled by P (t) = 3(1.013) where P(t) is the world population in billions and t is the time in years since 1999. When (which year) will the population reach 12 billion? {your final answer just number without decimal}

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter5: Business And Economic Forecasting

Section: Chapter Questions

Problem 1.4CE

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