The population exceed to 1 million in 2021.
Given that,
The population of Jacksonville, Florida, was 736,000 in 2000,
And was increasing at a rate of 1.49% each year.
We have to determine,
At this rate when will the population exceed 1 million.
According to the question,
An exponential growth is in the form:
y= abˣ
Where y, x are variables, a is the initial value of y and b> 1.
Initially there is a population of 736,000,
Hence a = 736000.
It is increasing at a rate of 1.49%,
Therefore, b = 100% + 1.49% = 1.049
Then,
y = 736000(1.049)ˣ
For a population reach to 1 million;
1000000 = 736000(1.0149)ˣ
1.35 = (1.0149)ˣ
x ln(1.0149) = ln(1.35)
x = 20.7 years
x = 21years approx.
Therefore, the it would take 21 years for the population to reach 1 million people.
Hence, The population exceed to 1 million in 2021.
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