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A population of 10,000 is increasing by 6% each year, how many years until the population will double?

User Lali
by
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1 Answer

2 votes

Hello

Since we are looking for the time it takes for the population to be doubled, we can use this formula


\begin{gathered} A=p(1+(r)/(100))^n \\ A=20000 \\ p=10000 \\ r=6 \\ 20000=10000(1+(6)/(100))^n \\ (20000)/(10000)=(1+0.06)^n \\ 2=1.06^n \end{gathered}

To solve for n, we would take log of both sides


\begin{gathered} 2=1.06^n \\ \log 2=n\log 1.06 \\ n=(\log 2)/(\log 1.06) \\ n=11.89\approx12 \end{gathered}

It would take approximately 12 years to double the population

User Onur Uslu
by
6.7k points
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