According to the U.S. Census Bureau, the population of the United States in 2016 was 324 million people. The rate of growth in population was 0.8% per year. Assume that this rate of growth remains the same through 2030.
Answers
Answer:
p(14) = 362.23 million
Explanation:
given data
population in 2016 = 324 million
growth rate = 0.8%
solution
we know that rate of growth remain the same through 2030
so predict population to be in 2030 will be
time period is here 14 years
so growth factor stay same but here population change each year base on last year population
p(x) = 324 ×
p(14) = 324 ×
p(14) = 362.23 million
Final answer:
The question is about calculating exponential growth - the projected U.S. population in 2030 if population grows at a rate of 0.8% annually. Based on the given figures, the U.S. population in 2030 would be around 379 million people.
Explanation:
The subject of this question is exponential growth, which pertains to the field of Mathematics. The starting population in this scenario is 324 million. The annual rate of growth is 0.8%, which can be expressed as 0.008 in decimal form. The formula for exponential growth is P(t) = P0 * e^(rt), where P(t) is the final population, P0 is the initial population, r is the rate of growth, and t is the time in years.
Using this information, we can calculate the US population in 2030: P(2030) = 324 * e^(0.008 * 14) = approximately 379 million, assuming the population growth remains constant. In other words, if the United States continues to grow at a rate of 0.8% per year, the projected population in 2030 is about 379 million people.
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