In addition, my colony will not be receiving another shipment of people from Earth at any point of time. Unless, of course, there is an emergency such as colony collapse for various reasons requiring more people to be added to the colony from Earth we will do so. Lastly, my colony will only begin with a shipment of one hundred people to minimize shipping weight and problems with housing the initial colony of a large size. These different strategies of my Mars colony are likely to affect how the exponential population growth of Earth and Mars would act in comparison to other potential colonies. If we decided to continue living on Earth and interacting with it the way we currently are, we would be in a lot of trouble. First of all, the population would increase greatly over the next 10, 100, and 500 years. Using the formula for compound interest, A=P(1+r/n)nt, we can easily calculate the population of Earth in the next 10, 100, and 500 years without having to repeat the equation 500 times. By entering our principal, an estimated 7.421 billion people, our rate of increase, 1.31%, the timespan for the rate, one year, and our time, ten years, we will get our population in ten years to be at 8.452
In addition, my colony will not be receiving another shipment of people from Earth at any point of time. Unless, of course, there is an emergency such as colony collapse for various reasons requiring more people to be added to the colony from Earth we will do so. Lastly, my colony will only begin with a shipment of one hundred people to minimize shipping weight and problems with housing the initial colony of a large size. These different strategies of my Mars colony are likely to affect how the exponential population growth of Earth and Mars would act in comparison to other potential colonies. If we decided to continue living on Earth and interacting with it the way we currently are, we would be in a lot of trouble. First of all, the population would increase greatly over the next 10, 100, and 500 years. Using the formula for compound interest, A=P(1+r/n)nt, we can easily calculate the population of Earth in the next 10, 100, and 500 years without having to repeat the equation 500 times. By entering our principal, an estimated 7.421 billion people, our rate of increase, 1.31%, the timespan for the rate, one year, and our time, ten years, we will get our population in ten years to be at 8.452