Raymond B. answered 03/10/23
Math, microeconomics or criminal justice
3 = e^2r
ln3 = 2r
r = (ln3)/2= about .5493
200,000 = 150e^tln3
200,000/150 = e^rln3
20,000/15 = e^tln3
4,000/3 = e^tln3
1.333 1/3 = e^.5493t
ln(1,333.333..) = .5493t
t = ln(1,333.333...)/.5493
t = about 13.1 years
rough check on the answer:
triples every 2 years
150 in year 0
450 year 2
1350 year 4
4050 year 6
12,150 in 8
36,450 in 10
109,350 in 12 years
328,050 in 14 years
200,000 between 12 and 14 years
12<t<14
t = 13.1