Answer:
The world's population should reach 8 billion during the year 2021.
Step-by-step explanation:
The world population can be modeled by the following equation:
[tex]\frac{dP}{dt} = r[/tex]
It's solution is:
[tex]P(t) = P(0)e^{rt}[/tex]
In which P(t) is the population in t years ater 1993, in billions of people, P(0) is the initial population(in 1993) and r is the growth rate.
5.51 billion on January 1, 1993
This means that P(0) = 5.51.
5.88 billion on January 1, 1998.
1998 - 1993 = 5
This means that P(5) = 5.88
We use this as a mean to find the value of r.
[tex]P(t) = P(0)e^{rt}[/tex]
[tex]5.88 = 5.51e^{5r}[/tex]
[tex]e^{5r} = \frac{5.88}{5.51}[/tex]
[tex]e^{5r} = 1.06715[/tex]
[tex]\ln{e^{5r}} = \ln{1.06715}[/tex]
[tex]5r = \ln{1.06715}[/tex]
[tex]r = \frac{\ln{1.06715}}{5}[/tex]
[tex]r = 0.013[/tex]
Assume that at any time the population grows at a rate proportional to the population at that time. In what year should the world's population reach 8 billion
t yers after 1993, in which t is found when P(t) = 8. So
[tex]P(t) = 5.51e^{0.013t}[/tex]
[tex]8 = 5.51e^{0.013t}[/tex]
[tex]e^{0.013t} = \frac{8}{5.51}[/tex]
[tex]e^{0.013t} = 1.4519[/tex]
[tex]\ln{e^{0.013t}} = \ln{1.4519}[/tex]
[tex]0.013t = \ln{1.4519}[/tex]
[tex]t = \frac{\ln{1.4519}}{0.013}[/tex]
[tex]t = 28.68[/tex]
1993 + 28.68 = 2021.68
The world's population should reach 8 billion during the year 2021.