SOLUTION: The population of a city is 480,000 and is increasing at a rate of 4.25​% each year. Approximately when will the population reach 960,000? (Use a compound growth​ model
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-> SOLUTION: The population of a city is 480,000 and is increasing at a rate of 4.25​% each year. Approximately when will the population reach 960,000? (Use a compound growth​ model
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Question 1109395: The population of a city is 480,000 and is increasing at a rate of 4.25% each year. Approximately when will the population reach 960,000? (Use a compound growth model.) Answer by jorel1380(3719) (Show Source):
You can put this solution on YOUR website! 960000=480000 x (1.0425)^t where t represents the time, in years. So:
960000/480000=1.0425^t
ln 2=ln 1.0425^t=t ln 1.0425
ln 2/ln 1.0425=t
t=16.654 years
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