Math 103 Math Topics for Liberal Arts (weird math)

[jdo93]

Given information for the problem: Suppose that the US population is growing by 0.96% each year, and continues to grow at this rate every year.

Questions that they want you to answer:

A. What is the overall growth factor for 40 years of population growth? By what overall percentage will the US population grow over the next 40years?

B. What is the overall growth factor for 100 years of population growth? By what overall percentage will the US population grow over the next 100 years?




If anyone could kindly show the step by step approach to solving this problem. I would greatly appreciate it. Thank you!! - Joanne

 

[stapel]

Suppose that the US population is growing by 0.96% each year, and continues to grow at this rate every year.

A. What is the overall growth factor for 40 years of population growth? By what overall percentage will the US population grow over the next 40 years?

B. What is the overall growth factor for 100 years of population growth? By what overall percentage will the US population grow over the next 100 years?

You have loads of step-by-step worked examples in your textbook, in your class notes, and on the various websites you've reviewed. So doing this exercise for you wouldn't likely make any difference. Instead, to learn, it would be better to start doing. So:

What is the definition of "overall growth factor''? Did they give you any formulas, algorithms, or methods related to this? What are your thoughts regarding the definition (and any formulas, algorithms, or methods)?

Please be complete, so we can "see" where you're having trouble. Thank you!