SOLUTION: Researchers claim that a certain technology doubles in size every 5.48 years. What is the technology's exponential growth rate?
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Question 1198609: Researchers claim that a certain technology doubles in size every 5.48 years. What is the technology's exponential growth rate?
Answer by MathLover1(20850) (Show Source): You can put this solution on YOUR website!
If the initial population is unit, then in years the population will be units.
Take the natural logarithm of both sides:
........per year, exactly
or
≈ %........ per year
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