Problema Solution
The population of the world in 1987 was 5 billion and the growth rate was estimated at 2 percent per year. Find what the world population should have been in 2003, assuming that the world population followed this exponential growth model.
Answer provided by our tutors
P(2003)=P(1987)*e^(rt)= 5*e^(0.02*16)=6.89
So the world population in 2003 should have been 6.89 billion