A population of 3.5 million is growing exponentially.
a) What is the population 16 years later if the population has:

$\hspace{5mm}$ i) An annual growth rate of $14 \%$: million

$\hspace{5mm}$ ii) A continuous growth rate of $14 \%$ per year: million

b) Which assumption yields a larger population after 16 years?

A. Annual Growth Rate
B. Continuous Growth Rate

Hint: