In: Finance
Equation for Moldova's population would be = 3,600,000 X (0.9894)n ; n- will be the number of years in future.
how derived?
lets assume population at 2013 as 100. the Population for 2014 would be 1.06% lesser than 2013 population
= 100 - (100*1.06%)
= 98.94
So the population of Moldova will be 98.94% (or 0.9894 ) of the previous years population.
so for the second year- the population will be 98.94% of 98.94 and so on..........
which is (0.9894)n
since 2013 is the base year- the equation would be = 3,600,000 X (0.9894)n