The world population in 2022 was 8.0 billion people. At present, the growth rate of the world population is about 1.1%. If this growth rate is maintained in future years, what will the world population be in 2050? Why is this an example of exponential growth? (b) To save for a child's college education, a parent contributes $450 per month in a tax-free educational savings account. How much money does the account have after 18 years? Why is this an example of linear growth?

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ANSWER a World Population Growth To estimate the world population in 2050 using the given growth rat... View the full answer