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If GDP is $15 trillion, how many years will it take for GDP to increase to $30 trillion if annual growth is 2 percent
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If GDP is $15 trillion, how many years will it take for GDP to increase to $30 trillion if annual growth is 2 percent

User Mercurybullet
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2 Answers

10 votes

Answer:35 years

Step-by-step explanation:

I checked the work on connect

User Aristoteles
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4.2k points
6 votes
y = original value • growth ^(time/period of growth)

30000000000000 = 15000000000000 • (1+0.02)^(x/1)

Divide both sides by 15 trillion

2 = (1.02)^(x)

take logarithm of both sides

log2 = log1.02^x

Bring x down using log law

log2 = xlog1.02

Divide both sides by log1.02

x = 35

35 years

User Lahcen
by
3.9k points
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