Final answer:
To determine how long it will take for the population to triple, we need to solve the equation 3P0 = P0e^(rt) for t. Rounding the answer to one decimal place, it will take approximately 10.1 years for the population to triple.
Step-by-step explanation:
To solve this problem, we can use the equation P = P0e^(rt), where P is the population at a given time, P0 is the initial population, e is the base of the natural logarithm (approximately 2.71828), r is the growth rate, and t is the time in years.
In this case, the population has doubled in 7 years, so we can write the equation as 2P0 = P0e^(r*7). We need to solve for r.
Dividing both sides of the equation by P0 gives us 2 = e^(7r). Taking the natural logarithm of both sides gives us ln(2) = 7r. Solving for r, we find that r ≈ ln(2)/7.
Now, to determine how long it will take for the population to triple, we need to solve the equation 3P0 = P0e^(r*t) for t. Substituting the value of r we found, we get 3 = e^((ln(2)/7)*t). Taking the natural logarithm of both sides to solve for t, we have ln(3) = (ln(2)/7)*t. Solving for t, we find that t ≈ 7 * ln(3)/ln(2). Rounding the answer to one decimal place, it will take approximately 10.1 years for the population to triple.