What will be the approximate population of the united states, if its current population of 300 million grows at a compound rate of 2% annually for 25 years?
a) 413 million
b) 325 million
c) 350 million
d) 275 million

Respuesta :

The answer is A) 413 million

Answer:

a) 413 million

Step-by-step explanation:

To find the approximate population of the United States after 25 years, we can use the compound interest formula:

A = P(1 + r)^n

Where:

A = Final population

P = Initial population

r = Growth rate (expressed as a decimal)

n = Number of years

In this case, the initial population (P) is 300 million, the growth rate (r) is 2% or 0.02, and the number of years (n) is 25.

Plugging these values into the formula, we get:

A = 300 million * (1 + 0.02)^25

Calculating this, we find that the approximate population of the United States after 25 years is around 413 million.

Therefore, the correct answer is:

a) 413 million

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