Math Problem Statement

Solution

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Math Problem Analysis

Mathematical Concepts

Exponential Growth
Doubling Time
Logarithms

Formulas

Exponential Growth Formula: P(t) = P_0 * (1 + r)^t
Doubling Time Formula: t = ln(2) / ln(1 + r)

Theorems

Logarithmic Theorem for solving exponential equations

Suitable Grade Level

Grades 10-12