If the population of a country increases at a rate of 1.5% annually, and its current population is 430,000, how many years will it take for the population to triple?

Answer :

3p=p(1+0.015)^n
3=(1.015)^n
n=Log(3)/log(1.015)
n=??

Answer:

Hence, it will take about 73 years  for the population to triple.

Step-by-step explanation:

For this case we have an exponential function P(t) which represents the population at time 't' ; which is given as:

i.e. the equation is represented of the form:

 [tex]P(t)=Ab^t[/tex]

 Where,

 A: initial amount ( Here we have A=430000)

 b: growth rate  (Here we have b=1.015)

 t: time in years.

As the population has to triple over the time.

 Hence, Substituting values we have:

 [tex]3\times 430000=430000\times (1.015)^t[/tex]

⇒  [tex]3=(1.015)^t[/tex]

Taking logarithmic function on both side we have:

[tex]\log3=t\log1.015[/tex]

( Since [tex]\log m^n=n \log m[/tex] )

⇒  [tex]t=\dfrac{\log 3}{\log 1.015}\\\\t=73.78876233[/tex]

Hence, It will take for the population to triple about:

 t = 73 years

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