Question

The population of a certain geographic region is approximately 103 million and grows continuously at a relative growth rate of 1.67%. What will the population be in 5 years? Compute the answer to three significant digits.

Answer 1

The population ( now ) : 103 million.
In 5 years:
103 * ( 1.0167 )^5 =
= 103 * 1.08633586 =
= 111.89259 ≈ 111.893
Answer:
The population will be 111.893 million.