Explanation Given: From period of 1950 to 1987; P = 5 billion, P 0 = 2.5 billion and time is 37 years. From period of 1987 to 2010; P 0 = 5 billion , time is 27 years and rate of growth is r = 1.63 % o r 0.0163 Formula used: P = P 0 e r t Where P is the principal mount, r is the rate of interest and t is the time period. Calculation: Compute the annual growth rate as shown below: P = P 0 e r t 5 , 000 , 000 , 000 = 2 , 500 , 000 , 000 e r · 37 Now, divide both the sides by 2,500,000,000 in the above result; 5 , 000 , 000 , 000 2 , 500 , 000 , 000 = 2 , 500 , 000 , 000 e r · 37 2 , 500 , 000 , 000 2 = e r · 37 By using the general rule of logarithm function, the above function results as below: 2 = e r · 37 r · 37</

6th Edition

ISBN: 9780321916600

Author: Mark Dugopolski

Publisher: PEARSON

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Chapter 4.2, Problem 135E

To determine

To calculate: The annual growth rate and the estimated population of the world by using the information given below:

From period of 1950 to 1987;

P = 5 billion, P0 = 2.5 billion and time is 37 years.

From period of 1987 to 2010;

P0 = 5 billion, time is 27 years and rate of growth is r=1.63% or 0.0163

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Chapter 4.2, Problem 134E

Chapter 4.2, Problem 136E

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Ch. 4.1 - True or False? Explain. The function f(x) =...Ch. 4.1 - True or False? Explain. 2. The function f(x) =...Ch. 4.1 - Prob. 3FT Ch. 4.1 - True or False? Explain. 4. If f(x) = 3x, then Ch. 4.1 - Prob. 5FT Ch. 4.1 - Prob. 6FT Ch. 4.1 - Prob. 7FT Ch. 4.1 - Prob. 8FT Ch. 4.1 - Prob. 9FT Ch. 4.1 - Prob. 10FT

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The annual growth rate and the estimated population of the world by using the information given below: From period of 1950 to 1987; P = 5 billion, P 0 = 2.5 billion and time is 37 years. From period of 1987 to 2010; P 0 = 5 billion , time is 27 years and rate of growth is r = 1.63 % o r 0.0163

Solution Summary: The author calculates the annual growth rate and estimated population of the world by using the information given below.

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