Problem

A population is increasing according to the exponential function $y=2 e^{0.04 x}$, where $y$ is in millions and $x$ is the number of years. How long will it take for the population to triple? Which of the following is the correct procedure to answer the question?
A. Evaluate $y=2 e^{0.04(1 / 3)}$
C. Evaluate $y=2 e^{0.04(3)}$.
B. Solve $2 e^{0.04 x}=6$.
D. Solve $2 e^{0.04 x}=3$.

Answer

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Answer

Final Answer: It will take approximately \(\boxed{27.47}\) years for the population to triple.

Steps

Step 1 :The question asks for the time it will take for the population to triple. This means that the population will grow from 2 million to 6 million. Therefore, we need to solve the equation \(2 e^{0.04 x}=6\) for \(x\). This corresponds to option B.

Step 2 :Solving the equation gives us the time it will take for the population to triple.

Step 3 :Final Answer: It will take approximately \(\boxed{27.47}\) years for the population to triple.

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