The amount of time that it takes a population to triple if the growth rate is 3.9%:
Use the compound interest formula: A = Per·t
A = final amount P = initial amount r = rate (as a decimal) t = time
---> Let the initial amount = x, then the final amount will be 3x r = 0.039 time = t
---> 3x = x·e0.039·t
Divide both sides by x:
---> 3 = e0.039·t
Take the ln of both sides:
---> ln(3) = ln( e0.039·t )
Using the appropriate property of logs:
---> ln(3) = 0.039 · t · ln( e )
Since the ln(e) = 1:
---> ln(3) = 0.039·t
Divide both sides by 0.039:
---> t = ln(3) / 0.039 = 28.17 years (approximately) or 28 years, 2 months