Raymond B. answered 08/25/25
Math, microeconomics or criminal justice
2P = P(e^rt) where t = years
2 = e^rt = e^(r/4)
ln2 = r/4
r = 4ln2 = annual rate of change
or if do t in months then
2 = e^3r
ln2 = 3r
r = (1/3)ln2 = monthly rate of change
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