In 1999 the population of the Marshall Islands was about 65,500 and the growth rate was approximately 3.86%. What is the projected population of the Marshall Islands in 2010?
A) 70,165
B) 99,351
C) 101,203
D) 120,032

Question

Quizplus · Accepted Answer

The projected population can be calculated using the formula for exponential growth: P = P0 * (1 + r)^t, where P0 is the initial population, r is the growth rate (as a decimal), and t is the time in years. For the Marshall Islands, P0 = 65,500, r = 0.0386, and t = 2010 - 1999 = 11 years. Plugging these values into the formula gives a projected population of approximately 99,351.

In 1999 the Population of the Marshall Islands Was About