Respuesta :
You can find it by the original equation
2=(1+r)^12
r=(2)^(1÷12)−1
R=0.0595*100=5.95%
3=(1+0.0595)^t
t=log(3)÷log(1.0595)
t=19 years
2=(1+r)^12
r=(2)^(1÷12)−1
R=0.0595*100=5.95%
3=(1+0.0595)^t
t=log(3)÷log(1.0595)
t=19 years
Answer:
5.78%
19 years
Step-by-step explanation:
The Exponential Growth Model for a population has the next formula:
[tex]P(t) = P_0 e^{k \times t}[/tex]
where P(t) is the population after t years, [tex]P_0[/tex] is the initial population, i. e., when t = 0, and k is the annual rate of increase of the population.
From data we know that the original population is doubled after 12 years. Replacing in the formula we get:
[tex]2 \times P_0 = P_0 e^{k \times 12}[/tex]
[tex]2 = e^{k \times 12}[/tex]
[tex]ln 2 = k \times 12[/tex]
[tex]k = \frac{ln 2}{12}[/tex]
[tex]k = 0.0578[/tex]
or 5.78 %
If the population grows to three times its current size, then:
[tex]3 \times P_0= P_0 e^{0.0578 \times t}[/tex]
[tex]3 =e^{0.0578 \times t}[/tex]
[tex]ln 3 = 0.0578 \times t[/tex]
[tex]t = \frac{ln 3}{0.0578}[/tex]
[tex]t = 19[/tex]