In 2006, the population of the country was 33.3 million. This represented an increase in population of 6.5% since 2001. What was the population of the country in 2001? Round to the nearest hundredth of a million.

If the population grows by 6.5% every year, the population grows at a compound rate. The equation that can be used to determine the population in 2001 would be an exponential equation. The equation that can be used to represent an exponential equation is: a = [tex]mx^{b}[/tex]

When a population grows at a compound rate, it means that both the existing population and the increase in the population increase by 6.5 every year.

The equation that can be used to determine the population of Tacoma in 2017 is:

P = FV / (1 + r)^n

Where:

FV = Future value
P = Present population
R = rate of growth
N = number of years : 2006 - 2001 = 5

33.3 / ( 1 + 0.065)^5

33.3 / (1.065^5) = 24.30503 million

In order to round 24.30503 million to the nearest hundredth , look at the thousandth figure, if it is greater or equal to 5, add one to the hundredth digit and change the thousandth digit to 0. So, 24.30503 million becomes 24.31 million

To learn more about future value, please check: https://brainly.com/question/18760477

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In​ 2006, the population of the country was 33.3 million. This represented an increase in population of 6.5% since 2001. What was the population of the country in​ 2001? Round to the nearest hundredth of a million.

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What was the population in 2001?

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In 2006, the population of the country was 33.3 million. This represented an increase in population of 6.5% since 2001. What was the population of the country in 2001? Round to the nearest hundredth of a million.