Raymond B. answered 11/21/22
Math, microeconomics or criminal justice
P=1500
A=Pe^rt
3000=1500e^30r
2=e^30r
ln2=30r
r=ln2/30= growth rate
A=1500e^(20ln2/30) = about 2381.102 after 20 minutes
or, with another method:
A = 1500(2^(2/3))= 1500(1.5874)= about 2381.102 after 20 minutes
A=1500e^(480ln2/30) = 1500e^16ln2
= 98,304,000 after 8 hours=480 minutes
or
A=1500(2^16)=1,500(65,536)= 98,304,000