Raymond B. answered 07/31/25
Math, microeconomics or criminal justice
240K in 2012
doubling time = 32
480K = 240Ke^32r solve for r
2 = e^32r
ln2 = 32r
r = ln2/32 = about .0217 = 2.17% growth rate
2 million = 2,000,000 = 2000K
2,000K = 240Ke^(ln2/32)t solve for t
ln(200/24) = (ln2/32)t
t = ln(25/3)/ln2/32
t = about 97.8846 +2012 = 2109.88 = 2110 to reach 10 million