This is a compound percentage change problem. We can solve it by using multipliers.
Step 1: Find the multiplier for the 1% increase.
An increase of 1% means we have 100% + 1% = 101% of the original amount. As a decimal, this is 1.01.
Step 2: Find the multiplier for the 1.2% decrease.
A decrease of 1.2% means we have 100% - 1.2% = 98.8% of the original amount. As a decimal, this is 0.988.
Step 3: Set up the calculation for the 8-year period.
The population starts at 67,200,000.
It increases by 1% for 6 years, so we multiply by (1.01)⁶.
Then it decreases by 1.2% for 2 years, so we multiply by (0.988)².
The full calculation is:
Final Population = 67,200,000 × (1.01)⁶ × (0.988)²
Step 4: Calculate the result.
Final Population = 69,631,833.108...
Step 5: Round to 3 significant figures.
The first three significant figures are 6, 9, and 6. The fourth digit is 3, which is less than 5, so we round down.
Final Population ≈ 69,600,000.