Question
A population doubles every 18 years. Assuming exponential growth find the following:
(a) The annual growth rate:
(b) The continuous growth rate is
(a) The annual growth rate:
(b) The continuous growth rate is
Answers
annual: 2^(1/18) = 1.03926 or 3.93%
continuous: 1/18 ln2 = 0.0385 or 3.85%
continuous: 1/18 ln2 = 0.0385 or 3.85%
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