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4 votes
Yet another question.

Yet another question.-example-1
User Usr
by
7.2k points

1 Answer

3 votes

Answer:

t= 3 years

Explanation:

So far we have 2 useful relationships
P_(t)= P_(o) e^(r*t) and
P_(t)=2P_(0)

Now, clearing t


P_(t)= P_(o) e^(r*t) \\( P_(t))/(P_(o)) = e^(r*t)\\(2 P_(0))/(P_(o)) = e^(r*t)\\2 = e^(r*t)

I apply logarithm


log(2)=r*t\\ t=(log(2))/(r)\\t=(0.3)/(0.1) \\ t=3 years

Done

User Guy Lowe
by
5.7k points
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