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 × [tex](1+0.008)^{14}[/tex]
p(14) = 324 × [tex]1.008^{14}[/tex]
p(14) = 362.23 million