Respuesta :

wolf1728
We will use this formula:
Time = log(ending amount / beginning amount) ÷ log (1 + rate)

For the purpose of this problem we'll say the population grows from 100 to 200.

Time = log (200 / 100) / log (1.05)
Time = log (2) / log (1.05)
Time = .30102999566 / 0.02118929907
Time = 14.207 years



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