f) The population of a town grows at the rate of 3% per year (compounded continuously). How long would it take to grow from 5,000 to 30,000?

Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter4: Exponential And Logarithmic Functions
Section4.5: Exponential And Logarithmic Equations
Problem 92E
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nt
A = P(1+5)
when compounded n times a year.
%3D
A = Pe"
when compounded continuously.
%3D
f) The population of a town grows at the rate of 3% per year
(compounded continuously). How long would it take to grow
from 5,000 to 30,000?
Transcribed Image Text:nt A = P(1+5) when compounded n times a year. %3D A = Pe" when compounded continuously. %3D f) The population of a town grows at the rate of 3% per year (compounded continuously). How long would it take to grow from 5,000 to 30,000?
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