The population of the world in 1987 was 5 billion and the relative growth rate was estimated at 2 percent per year. Assuming that the world population follows an exponential growth model, find the projected world population in 1995. Round your answer to 2 decimal places. Your answer is billion people

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter5: Exponential And Logarithmic Functions
Section5.2: Applications Of Exponential Functions
Problem 41E
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The population of the world in 1987 was 5 billion and the relative growth rate was estimated at 2 percent per
year. Assuming that the world population follows an exponential growth model, find the projected world
population in 1995. Round your answer to 2 decimal places.
Your answer is
billion people
Transcribed Image Text:The population of the world in 1987 was 5 billion and the relative growth rate was estimated at 2 percent per year. Assuming that the world population follows an exponential growth model, find the projected world population in 1995. Round your answer to 2 decimal places. Your answer is billion people
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