Final answer:
To determine the number of years, t, until the student population is larger than 2,025, we can set up an inequality and solve for t using the growth rate of 16% per year. On solving, we get t = 10 years.
Step-by-step explanation:
To determine the number of years, t, until the student population is larger than 2,025, we can set up the following inequality:
- 532 * (1 + 0.16)^t > 2,025
We use the expression (1 + 0.16)^t to represent the growth rate of 16% per year. Now we can solve for t:
Divide both sides of the inequality by 532:
Take the natural logarithm of both sides:
- t * ln(1.16) > ln(3.6030)
Divide both sides by ln(1.16):
- t > ln(3.6030) / ln(1.16)
Therefore, it will take approximately 10 years for the student population to be larger than 2,025.