Functions and Modeling

Each month it grows 6.1/12, so about 0.51%

Population growth is exponential. So 6.1% annual growth should be: 1.061^(1 / 12) =1.0049465 - 1 x 100=0.495 % per month.

1.061¹= (1+r)¹²

^{1.004956 = 1+r}

r_monthly =.004956      = ~~.50 %

the answer was .49. 1.06^1/12=1.004867551-1=.0048675506x100=.4867550565 rounds to .49.  thanks anyway!