SUMMARY
The discussion focuses on calculating the population growth of a country with a 3% annual increase using the formula N = Pe^(k*t). After 10 years, the population increases by a factor of approximately 1.349. To double the population in 10 years, a growth rate of about 7.2% is required, as derived from the equation 2P = e^(0.03*t). This analysis highlights the importance of understanding population growth rates for sustainable development.
PREREQUISITES
- Understanding of exponential growth and decay
- Familiarity with the mathematical constant e
- Knowledge of natural logarithms and their applications
- Basic algebra for solving equations
NEXT STEPS
- Study the implications of exponential growth in demographics
- Learn about the mathematical properties of the constant e
- Explore population modeling techniques using differential equations
- Investigate the socio-economic impacts of varying population growth rates
USEFUL FOR
Demographers, statisticians, policymakers, and anyone interested in understanding the dynamics of population growth and its implications for national development.