Question

The population of Mexico has been increasing at an annual rate of 1.7% . If the population was 100,350,000 in the year 2000, predict its population in 2015. Round to the nearest whole number

Answer 1

2015-2000=15 years P=100,350,000×(1+0.017)^(15) P=129,220,575.43

Answer 2

`12,92,20,575.43`

Explanation:

Given that the population of Mexico has been increasing at an annual rate of 1.7%

Initial population = 100,350,000

i.e. 2000 is the year zero.

IN 2015, t = no of years from 2000 = 15

To find out population in 2015,

we find out P(15)

`P(15) =100350000(1+0.017)^(15) \\=12,92,20,575.43`