Understanding population growth involves examining how a population changes over time. In this case, we are dealing with a scenario where a population increases by a percentage each year.
To think about it simply, consider the population as a bank account balance that earns interest. The more interest it earns, the larger the balance grows.
Let's break it down:
- In 1995, the population size is 800 people. This is the starting point or the initial population size.
- The population is said to grow by 2.1% annually. This means that each year, the population increases by 2.1% of its current size.
Over time, a small percentage increase can lead to significant growth. This is due to the compounding effect, where growth accumulates over time.
This is a key feature of the exponential growth model often used in population studies. With this understanding, we can use mathematical equations to predict future population sizes.