Name: Kean Mikka Raingel Aton

Yr. and Sec: IV-Happiness

Project in Math
The National Statistics Office reported that the estimated population of the Philippines was 96,000,000 people
in 2012 with an annual rate of increase of 1.7%. What is the total population of the Philippines in the next 10
years?
First Step: Identify the following given data.
Population (P) = 96,000,000 people
Increase Rate (R) = 1.7% -> 0.017 (Divide 1.7 by 100 to extract the percent sign)
Time/Years (t) = 10 years
Second Step: Create the formula.

f(x) = P(1+R)t -> f(x) = 96,000,000(1+0.017)t

Note: After one year the population would be 96,000,000 + 0.017(96,000,000).By factoring we see that this is
96,000,000(1 + 0.017).The growth factor is 1.017. (Remember that the growth factor is greater than 1.)
Third Step: Create a Table of Values.
Time

10

f(x)

98 M

99 M

101 M

103 M

104 M

106 M

108 M

110 M

112 M

114 M

Solutions:
f(1) = 96,000,000(1+0.017)1
= 96,000,000(1.017)1
=97,632,000

f(6) = 96,000,000(1+0.017)6
=96,000,000(1.017)6
=106,317,714

f(2) = 96,000,000(1+0.017)2
= 96,000,000(1.017)2
=99,291,744

f(7) = 96,000,000(1+0.017)7
=96,000,000(1.017)7
=108,023,415

f(3) = 96,000,000(1+0.017)3
= 96,000,000(1.017)3
=100,976,703

f(8) = 96,000,000(1+0.017)8
= 96,000,000(1.017)8
=109,859,813

f(4) = 96,000,000(1+0.017)4
= 96,000,000(1.017)4
=102,696,358

f(9) = 96,000,000(1+0.017)9
= 96,000,000(1.017)9
=111,787,430

f(5) = 96,000,000(1+0.017)5
= 96,000,000(1.017)5
=104,442,196

f(10) = 96,000,000(1+0.017)10
= 96,000,000(1.017)10
=113,626,796

The Population of the Philippines for the next 10 years will be 113,626,796 people or 114,000,000 people.