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31 December, 18:37

An animal reserve has 40,000 elk. The population increases 11% a year. How long tell the population is equal to 80,000

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  1. 31 December, 19:48
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    Initial amount: 40,000

    Annual growth rate 11%

    Need to reach 80,000 elks in n years:

    P=A (1+r) ⁿ

    80,000 = 40,000 (1+0.11) ⁿ

    80,000 = 40,000 (1.1) ⁿ

    Divide both sides by 40,000

    2 = (1.1) ⁿ

    ln (2) = n. ln (1.1)

    0.693147 = n. (0.09531)

    and n = 0.693147/0.09531

    n = 7.27 years
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