Question

What will be the approximate population of the united states, if its current population of 300 million grows at a compound rate of 2% annually for 25 years? 413 million 430 million 488 million 492 million?

Answer 1

B=p (1+r)^n

B=300,000,000 (1+0.02)^25

first do (1+0.02)^25 and your answer will be 1.640605994

B=300,000,000 (1.640605994)

B= $492,181,798.30