Answer to Question #273713 in Finance for Emm

Question #273713

N(t)=2400000e^0.03t




What time is required for the population to tripple if N is the population size at time while t is the number of years

1
Expert's answer
2021-11-30T17:42:44-0500

"N=2400000e^{0.03t_1} \\;\\;\\;(1) \\\\\n\n3N = 2400000e^{0.03t_2} \\;\\;\\;(2)"

"(t_2 -t_1)" is time required for the population to tripple

Divide (2) by (1):

"\\frac{3N}{N} = \\frac{2400000e^{0.03t_2}}{2400000e^{0.03t_1}} \\\\\n\n3 = \\frac{e^{0.03t_2}}{e^{0.03t_1}} \\\\\n\n3 = e^{0.03(t_2-t_1)} \\\\\n\nln(3) = 0.03(t_2-t_1) \\\\\n\n(t_2-t_1) = \\frac{ln(3)}{0.03} = \\frac{1.098}{0.03} = 36.6 \\; years"

Answer: 36.6 years


Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be the first!

Leave a comment

Ask Your question

LATEST TUTORIALS
New on Blog
APPROVED BY CLIENTS