A Population Growing Continuously at an Annual Rate R Will $t = \frac { \ln 3 } { r }$

question 114

Short Answer

A population growing continuously at an annual rate r will triple in a time t given by the formula $t = \frac { \ln 3 } { r }$ . How long will it take the population of a town to triple if it is growing at the rate of 13% per year?
Please round the answer to one decimal place. __________ yr

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Definitions:

Cash Account Balance

Cash account balance represents the amount of cash or cash equivalents a company or individual holds in their account at any given time.

Outstanding Checks

Checks that have been written and recorded in a company's books, but not yet cleared or deducted from the bank account balance.

Deposits In Transit

Funds that have been received and recorded by a business but not yet credited by its bank, affecting the reconciliation of bank statements.

Cash Receipts

Money received by a business during a given period, from activities such as sales, services, loans, or equity infusions.