The population growth rate of New York City has fluctuated tremendously in the last 200
years, the highest rate estimated at 126.8% in 1900. In 2001, the population of the city was
8,008,288, up 2.1% from 2000.
1. If we assume that the annual population growth rate stayed at 2.1% from the year
2000 onward, in what year would we expect the population of New York City to
have exceeded ten million people? Be sure to include the explicit formula you use
to arrive at your answer.