Math Problem Statement
The rabbit population on an island starts off as 120 and it grows by 15% per year. How long will it take for the rabbit population to reach 5,000?
Solution
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Math Problem Analysis
Mathematical Concepts
Exponential Growth
Logarithms
Formulas
P(t) = P_0 * (1 + r)^t
t = ln(P(t)/P_0) / ln(1 + r)
Theorems
Logarithm properties for solving exponential equations
Suitable Grade Level
Grades 10-12
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