The population of a parish is growing with an annual percentage rate compounded continuously. The population reaches 1.1 times i

Question

3 years ago

15

ts previous size in 2 years. Find the annual percentage rate according to the exponential growth function

1 answer:

coldgirl [10] · Answer 1 · 2022-06-14T23:20:04+03:00

6 0

Answer:

Growth rate = ln(1.1)/2

Step-by-step explanation:

Given:

P1 = 1.1 P0

Number of year n = 2

Computation:

P1 = P0[eⁿˣ]

x = growth rate

So,

1.1 P0 = P0[eⁿˣ]

1.1 = eⁿˣ

1.1 = e²ˣ

By taking log

Growth rate = ln(1.1)/2