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Percent of growth per unit time

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In the formula N=Ie ^kt, N=Ie^kt, N is the number of items in terms of an initial population I at a given time t and k is a growth constant equal to the percent of growth per unit time. There are currently million cars in a certaincountry, increasing by 55% annually. How many years will it take for this country to have 7676 millioncars? Round to the nearest year.

Reference no: EM131396910

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