S = 2p
P(1+r)^n = 2p
(1+r)^n = 2
1.03^n = 2
taking log both sides we get
n log (1.03) = log2
Simpltying
n = 23.45
The population of a country increases at the rate of 3% per annum. How many years will it take to double itself?
2 answers
S = 2p
P(1+r)^n = 2p
(1+r)^n = 2
1.03^n = 2
taking log both sides we get
n log (1.03) = log2
Simpliying
n = 23.45
P(1+r)^n = 2p
(1+r)^n = 2
1.03^n = 2
taking log both sides we get
n log (1.03) = log2
Simpliying
n = 23.45
3 answers