Answer :
Answer:
The approximate population in 1998 is 18,769
Step-by-step explanation:
Here, we want to predict the population
If it follows an exponential pattern, then we have the equation as follows
y = I( 1 + r)^n
Where y is the present year population
I is the initial population which is the population in 1990
r is the growth rate
n is the number of years after 1990
So for 1994, we have
10,800 = 6200(1 + r)^4
divide through by 6,200
That will be
1.74 = (1 + r)^4
we can have this as follows;
ln 1.74 = 4ln (1 + r)
0.554 = 4ln (1+ r)
0.554/4 = ln (1 + r)
1+ r = 1.1485
r = 1.1485 - 1
r = 0.1485
So for 1998, we have
y = 6200(1 + 0.1485)^8
y = 6200(1.1485)^8
y = 18,769