The population of a country increases by 2% every year in the 20th century. What is
Notation: denotes the floor function .
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The population n years after is given by A n = A 0 ( 1 + r ) n , where A 0 is the population at year 0 and r is the annual rate of population growth. Therefore, for a century, we have:
⌊ A 0 A 1 0 0 ⌋ = ⌊ A 0 A 0 ( 1 + 0 . 0 2 ) 1 0 0 ⌋ = ⌊ A 0 7 . 2 4 5 A 0 ⌋ = 7