William S. answered 10/27/13
Experienced scientist, mathematician and instructor - William
Brittany R.
asked 10/27/13
William S. answered 10/27/13
Experienced scientist, mathematician and instructor - William
Hello, thank you for taking the time to post your question!
For the rule of 70 you would just take
Doubling Time = 70 / Annual Growth Rate
For this scenario that means taking
Doubling Time = 70 / 6 = 11.67
Meaning that it would take about 11.67 years for the population to double based on the Rule of 70 estimation.
For the exact formula you want to use
Doubling Time = ln(2) / r , as derived from the exponential growth model. For this one that means
ln(2) / 0.06 = 11.5524
Meaning that it would take 11.55 years for the population to double
I hope that helps you get moving in a better direction on this type of question! Feel free to reach out if you have any additional questions beyond that :)
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Michael F.
10/27/13