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Chapter 10: Q. 121 (page 1020)

In the last ten years the population of Indonesia has grown at a rate of 1.12%per year to 258,316,051. If this rate continues, what will be the population in 10more years?

Short Answer

Expert verified

The population in10more years will be288,929,825.

Step by step solution

01

Step 1 The formula for the compounded continuously is,

A=Pert

where Ais the new balance.

Pis the principal.

ris the interest rate.

tis the number of years.

02

Step 2 Substitute P=258,316,051,r=0.0112,t=10 in the formula.

A=258,316,051e0.011210=258,316,051e0.112鈮�288,929,825.

Therefore, the population in10more years will be288,929,825.

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