Question: Various models have been used to make projections of growing populations. Thomas Malthus made one of the most famous conjectures of such a model in the early 19th century. Within Malthus’ claim was that the population of Earth would inevitably outstrip its means of a food supply. Records indicate that in 1950, the world’s population was about 2.5 billion people and was growing at a rate of about 2% per year. Also, in 1950, the world’s occupants had the ability to produce enough food for about 5 billion people annually and this food production was growing at about 250 million people per year. Given these data, could Malthus’ claim be correct?
soooo im pretty sure that i need to use the equation… A=P(1+r)^t But how do i solve it from here?