A population is growing at the instantaneous growth rate of 1.5 per cent. The time taken (in years) for it to double is approximately:
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DSE 2013 Question 12: Quantitative aptitude and data reasoning
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A population is growing at the instantaneous growth rate of 1.5 per cent. The time taken (in years) for it to double is approximately: (A) (log 2)/.15 (B) (log 2)/15 (C) (log 2)/.015 (D) (log 2)/1.5
Quantitative aptitude and data reasoning has come up 92 times in 6 exams since 2008.
What this question tests
This question is on Interest, growth rates and compounding, part of Quantitative aptitude and data reasoning in Mathematics.
Simple and compound interest and the growth-rate measures used for economies.
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