SOLUTION: Using the formula A=Pe to the power of rt - If 14 million people are on disability and it doubles every 15 years, what is the annual rate of growth? Show your work
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Question 1040364: Using the formula A=Pe to the power of rt - If 14 million people are on disability and it doubles every 15 years, what is the annual rate of growth? Show your work Answer by stanbon(75887) (Show Source):
You can put this solution on YOUR website! Using the formula A=Pe to the power of rt - If 14 million people are on disability and it doubles every 15 years, what is the annual rate of growth? Show your work
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Solve e^(rt) = 2
e^(15r) = 2
15r = ln2
r = 0.0462
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Annual growth rate = 4.62%
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Cheers,
Stan H.
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