A Population Growing at an Annual Rate R Will Triple

question 97

Multiple Choice

A population growing at an annual rate r will triple in a time t given by the formula . If the growth rate remains constant and equals 9% per year, how long will it take the population of the town to triple?

• A)2.2 years
• B)12.2 years
• C)5.3 years
• D)6.6 years
• E)1 years

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Definitions:

Covariance

A measure of the degree to which two variables move in relation to each other, with a positive covariance indicating that they tend to move in the same direction.

Standard Deviation

A statistical measure that represents the dispersion or variability of a set of data points, often used in finance to gauge the volatility of an investment's return.

Security Characteristic Line

A line used in finance to represent the linear relationship between the returns of a stock and the returns of the market.

Excess Return

Rate of return in excess of the risk-free rate.