Downtown has been experiencing an explosive population growth of 10% per year. At the end of 2017 the population was 16,000. If the growth rate continues unabated, how many years will it take the population to triple?

Managerial Economics: A Problem Solving Approach
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Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter5: Investment Decisions: Look Ahead And Reason Back
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Downtown has been experiencing an explosive population growth of 10% per year. At the end of 2017 the population was 16,000. If the growth rate continues unabated, how many years will it take the population to triple?

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