The answer is 150 million.
Step 1. Calculate the growth rate.
Step 2. Calculate the population number in 2014.
We will use the formula for exponential growth:
A = P * eⁿˣ
where:
A - the final amount (value)
P - the initial amount (value)
e - the mathematical constant (e ≈ 2.72)
n - the growth rate
x - the time
Step 1:
A = 141 million = 141 000 000
P = 136 million = 136 000 000
n = ?
x = 2000 - 1991 = 9
Therefore:
[tex]141 000 000 = 136000 000 * e ^{n*9} \\ e ^{n*9} =141000 000 /136000000 \\ e ^{n*9} =1.04 [/tex]
Logarithm both sides of the equation:
[tex]ln(e ^{n*9})=ln(1.04) \\ n*9*ln(e) = ln(1.04) \\ 6n=ln(1.04) \\ n = \frac{ln(1.04)}{9} \\ n = \frac{0.04}{9} \\ n = 0.004[/tex]
Step 2:
Now when we know the growth rate, it is easy to estimate the population in 2016
A = ?
P = 141 000 000
n = 0.004
t = 2016 - 2000 = 16
[tex]A = 141 000 000 * e ^{0.004*16} \\ A = 141000 000 * e^{0.0640} \\ A = 141000 000 * 1.066\\ A = 150306 000[/tex]
Thus, the population will be nearly 150 million in 2016
