Country A has a growth rate of 2.2% per year. The population is currently 5,667,000, and the land area of Country A is 31,000,000,000 square yards. Assuming this growth rate continues and is exponential, after how long will there be one person for every square yard of land?

Accepted Solution

Answer:It will be 290 years until there be one person for every square yard of land.Step-by-step explanation:We are looking for when the country's population is equivalent to its area in square yards: 31,000,000,000.Write an equation for the situation: (Trickiest part)p(x) = (5,667,000)(1 + 0.022)ˣ   <= Can modify compound interest equation31,000,000,000 = (5,667,000)(1 .022ˣ)Started rounding off numbers547.056  = 1 .022ˣ   <= [tex]x = \frac{log(ans)}{log(base)}[/tex]Solve using log.x = 2.738 / 0.00945  <= log(547.056) / log(1.022)x = 289.7  <= Round up because rate is annual. Before the 290th year, the population is less than the number of square yards.x = 290Total amount with annual compound interest equation applied to this problem:[tex]A = P(1 + r)^{t}[/tex]  (Principle is starting investment)Population = (Starting population)(1 + growth rate)^(time)