problem 1:
if the current population is 15,000, how many years will it take the population to reach 37,500 if the following function P(t)=1+ke^0.12t where k is a constant and t is time in years. will it be 3, 5,8,18, or 51 yrs?
problem 2:
using the expontial growth model P(t)=P(base0)e^kt, how long will it take a price to double at a 7% annual inflation rate? Will it be 9, 16, 17, 10 or 25 years?
if the current population is 15,000, how many years will it take the population to reach 37,500 if the following function P(t)=1+ke^0.12t where k is a constant and t is time in years. will it be 3, 5,8,18, or 51 yrs?
problem 2:
using the expontial growth model P(t)=P(base0)e^kt, how long will it take a price to double at a 7% annual inflation rate? Will it be 9, 16, 17, 10 or 25 years?