The approximate doubling time is about 3.33 weeks, while the exact doubling time is slightly lower at 3.21 weeks.
The approximate doubling time formula is:
Doubling Time (approx) = 70 / Growth Rate (%)
In this case, the growth rate is 21%. Plugging it in:
Doubling Time (approx) = 70 / 21% ≈ 3.33 weeks
The exact doubling time formula is:
Doubling Time (exact) = ln(2) / ln(1 + Growth Rate / 100)
Using the natural logarithm (ln) and taking the growth rate as 21%:
Doubling Time (exact) = ln(2) / ln(1 + 21/100) ≈ 3.21 weeks
The approximate doubling time is about 3.33 weeks, while the exact doubling time is slightly lower at 3.21 weeks. This difference is relatively small because the growth rate is not very high (21%). As the growth rate increases, the discrepancy between the two formulas becomes more significant.