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?
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
5th Edition
ISBN:9781337106665
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
Section: Chapter Questions
Problem 8MC
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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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