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Nostrana [21]
4 years ago
10

A country x has a population growth rate of 3%. how many years will it take the population of country x to double? use continuou

s compound growth
Mathematics
1 answer:
Kaylis [27]4 years ago
3 0
A=Pe^{rt}
A=future amount
P=present amount
r=rate in decimal
t=time in years

so
when will A=double of original?
or when will A=2P

r=3%=0.03
t=t

A=Pe^{(0.03)t}
2P=Pe^{0.03t}
divide both sides by P
2=e^{0.03t}
take ln of both sides
ln(2)=ln(e^{0.03t})
ln(2)=0.03t ln(e)
ln(2)=0.03t (1)
ln(2)=0.03t
divide both sides by 0.03
(ln(2))/0.03=t
use calculator
23.1049=t
so a little over 23 years, about 23 years and 38.2 days
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