In 2010, there were about 246 million vehicles (cars and trucks) and about 308.7 million people in the United States.1 The number of vehicles grew 15.5⁢ % over the previous decade, while the population has been growing at 9.7⁢ % per decade. If the growth rates remain constant, when will there be, on average, one vehicle per person?

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Answer:

2054

Step-by-step explanation:

The equation for the growth of people = 308.7(1097)^x

The equation for the growth of vehicles = 246(1155)^x

If the number of both are equal tham

308.7(1097)^x=246(1155)^x

Dividing both sides by 246

1.254878(1097)^x=(1155)^x

Dividing both sides by (1097)^x

1.254878=(1155÷1097)^x

X=4.406 decades

X=44 years

The numerical increase in the count or number of people or things is known as population growth

The time when there will be on average, one vehicle per person is the year 2054

The reason the above value is correct is as follows:

The known parameters are;

The number of vehicles (cars and trucks) in 2010 = 246 million

The number people in the United States in 2010 = 308.7 million

The percentage by which the number of vehicles grew per decade = 15.7%

The percentage by which the population is growing per decade = 9.7%

Required:

The time when one vehicle per person on average

Solution:

Let the t, represent the number of 10 years at which there is one vehicle per person on average, we have;

[tex]246 \times \left(1 + \dfrac{15.5}{100} \right)^t = 308.7 \times \left(1 + \dfrac{9.7}{100} \right)^t[/tex]

[tex]\dfrac{308.7}{246} =\dfrac{\left(1 + \dfrac{15.5}{100} \right)^t}{\left(1 + \dfrac{9.7}{100} \right)^t} = \left(\dfrac{1 + \dfrac{15.5}{100} }{1 + \dfrac{9.7}{100} \right)} \right)^t[/tex]

[tex]\ln\left(\dfrac{308.7}{246} \right) =ln \left(\dfrac{1 + \dfrac{15.5}{100} }{1 + \dfrac{9.7}{100} \right)} \right)^t[/tex]

[tex]t = \dfrac{ \ln\left(\dfrac{308.7}{246} \right) }{ln \left(\dfrac{1 + \dfrac{15.5}{100} }{1 + \dfrac{9.7}{100} \right)} \right)} \approx 4.407[/tex]

The number of decades there will on average, one vehicle per person, t ≈ 4.407 decades

Therefore;

The number of years there will on average, one vehicle per person, n = 10 × t, which gives;

n ≈ 10 years/decade × 4.407 decades = 44.07 years

The number of years there will be on average, one vehicle per person is approximately 44 years

Therefore, the year when there will be on average, one vehicle per person is approximately 2010 + 44  = The year 2054

Learn more about population growth rate here:

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