SOLUTION: Hi, I'm really stuck on these two questions, is there any chance I could get some help?? Thanks in advance! https://drive.google.com/file/d/1VjNtgtaZvxc99w-Ig2_eRBl6guaa

SOLUTION: Hi, I'm really stuck on these two questions, is there any chance I could get some help?? Thanks in advance! https://drive.google.com/file/d/1VjNtgtaZvxc99w-Ig2_eRBl6guaa_qrw/v

Question 1189626: Hi, I'm really stuck on these two questions, is there any chance I could get some help?? Thanks in advance!

https://drive.google.com/file/d/1VjNtgtaZvxc99w-Ig2_eRBl6guaa_qrw/view?usp=sharing
https://drive.google.com/file/d/1MHiwW4Kn8vAk2o-nxhcYgEd5uUfuUNpn/view?usp=sharing
Answer by Boreal(15235) (Show Source): You can put this solution on YOUR website!
P=12665*1.0239^x
in 2020, n=10
P=12665*1.0239^10=16039; using the nearest thousandth of 1.024, the answer is 16,054
if the population were the number given, it could be due to
1. The model is not right.
2. The model is right but the parameters are different
3. Something happened that was unforeseen by the model.
4. Other factors
-
18000=12665^1.024^x
divide by 12665
=1.4212=1.024^x
ln both sides
0.3515=xln(1.024)=0.0237x
=14.83 years
around 2025

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