Complete the following table Population crowth Rate k Doubli

Complete the following table Population crowth Rate. k Doubling Time Country A 29% per year Country B 26 year Population Growth Raln k Doubling line, T Country A 29% per year ynars per year rRaunn doubling time to the nearest hoe rumoe and raiur nrowth rate to the nesrest tan

Solution

Dear Student Thank you for using Chegg !! Given Population Growth Rate Doubling Time Country A 2.9% per year ? Country B ? 26 yrs Now, Population will grow compoundedly For Country A For Country B Amount = Principal (1 + r/100)^n a) b) 2P = P*(1+0.029)^t 2P = P*(1+ r/100)^26 2 = (1.029)^t 2 = (1+ r/100)^26 Taking natural logarithm both sides 1.027018 = 1+r/100 0.693147181 = t*ln(1.029) 0.027018 = r/100 t = 24.24654925 years r = 2.70%