Question

A population doubles in size every 30 years. What is its continuous growth rate? Express your answer to the nearest 0.0001 percent

Answer 1

Answer: 2.3374%

Explanation:

x=continuous growth rate.

x^30=2

x=1.023373892

1.023373892-1=0.023373892

0.023373892*100=2.3373892%

2.3373892%=2.3374%