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gewusel gewusel
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7 years ago
According to the World Bank, the population in Georgia is decreasing by 0.83% per year. According to the 2011 consensus, the population of Georgia is 4.5 million. Assuming the population growth rate remains the same; calculate the year in which the population of Georgia will be half the population in 2011?
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Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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#1
7 years ago
FV =  PV
i = -0.83%
PV = FV 
⇒ 2 = 
⇒ ln2 = -n ln 0.9917
⇒ -n = -83.16
⇒ n = 83

Year = 2011 + 83 = 2094
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