SOLUTION: If the population of a particular country is growing at 3.5% compounded continuously, how long will it take the population to quadruple?
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Question 1111263: If the population of a particular country is growing at 3.5% compounded continuously, how long will it take the population to quadruple?
Answer by math_helper(2461) (Show Source): You can put this solution on YOUR website!
where
F = future value or amount
P = present value or amount
r = annual rate
t = number of years
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To quadruple, we end up with F=4P:
years
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Ans: A population growing at 3.5% annually, compounding continuously, quadruples in 39.608 years
( about 39 years, 7 months, 9 days )
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