Raymond B. answered 04/16/22
Math, microeconomics or criminal justice
980=800e^r
98= 80e^r
49 =40e^r
e^r = 49/40
r = ln(49/40)
r = about .20294
r=20.29% growth rate
P(t) = 800e^0.20294t
5000 = 800e^.20294t
25/4 = e^.20294t
.20294t = ln(25/4) = 1.83258
t = 9.03 years to reach 5,000