The population of Cuba is 1.3 million. The country's population is expected to grow at a rate of 4% each year.The population of Cuba will be million in 10 years.
Accepted Solution
A:
The population growth will be modeled using exponential growth: f(x)=a(b)^t where: a=initial value b=growth rate thus plugging in the values we get: f(x)=1.3(1.04)^t thus the population after 10 years will be: f(x)=1.3(1.04)^10 f(x)=1.9243 thus the population in 10 years will be: 1.9243 million