Acountry's population in 1994 was 195 million. in 2002 it was 199 million. estimate the population in 2016 using the exponential growth formula. round your answer to the nearest million.

The population in 2016 is likely to be 206.20 million.

Given:
Let the population in 1994 be P₀ and g be the exponential growth.
Let the population Pn in nth will be denoted by Pn = P₀ * (1+g)n.

The population in 1994 was 195 million and after 8 years it became 199 million in 2002.

So,
199 = 195 * (1+g)₈ = 199195
Using log,
=8 * log(1+g) = log199 - log195 = 0.0088185
=log(1+g) = 0.0011022
=1 + g = 1.002541
g = 0.00254

Therefore the growth rate is 0.2541%

The population in 2016 is computed by:

= 195 * (1+g)₂₂ or 195 * 1.002541₂₂
= 195 * 1.0574279
= 206.20 million