SOLUTION: In 1990, the population of a twon was 32000 and was increasing at the rate of 3.2% per year Estimate the time for this town's population to double

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Question 107368: In 1990, the population of a twon was 32000 and was increasing at the rate of 3.2% per year
Estimate the time for this town's population to double

Answer by Annabelle1(69)   (Show Source): You can put this solution on YOUR website!
You can use a compound interest formula for this problem even though its not money but people>......

where p is the initial population, r is the rate of increase and A is the final population. We want the time in years, n.
So we know that

dividing through by 32000

take log of both sides


n=22years

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