Question 1189626
P=12665*1.0239^x
in 2020, n=10
P=12665*1.0239^10=16039; using the nearest thousandth of 1.024, the answer is 16,054
if the population were the number given, it could be due to
1. The model is not right.
2. The model is right but the parameters are different
3. Something happened that was unforeseen by the model.
4. Other factors
-
18000=12665^1.024^x
divide by 12665
=1.4212=1.024^x
ln both sides
0.3515=xln(1.024)=0.0237x
=14.83 years
around 2025