Because populations grow exponentially, the equation for modelling the growth is:
Where:
• P(t) is the population after t years,
,
• P_0 is the initial population,
,
• a is the growth factor.
To find the growth factor, we use the consider:
• t = 19 years,
,
• P(t) = 2 P_0 (we know that after t = 19 years the population will be doubled).
Replacing these data in the equation above and solving for a, we get:
The annual percent growth rate r is:
Answer
• a = 0.03648/year
,
• r = 3.648%/year