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Calculating population after given years

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Suppose a population of initial size 100 grows at the rate of 8% per year forever.
What is the size of the population at the end of year 1?
What is the size of the population at the end of year 2?
What is the size of the population at the end of year 3?
What is the size of the population at the end of year n (for any integer n)?
What algebraic equation would you need to solve to find the number of years x that it would take for our population to reach 200? Use a calculator to solve to x.

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Solution Summary

This solution includes the step by step solution to calculate the size of the population after given years that grows at 8%.

Solution provided by:
Sandhya Sharma, MSc
Education
  • BSc, Meerut University
  • MSc, Meerut University
  • MPhil, Institute of Advanced Studies
  • MSc, AIT
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