I have three populations
a <- 100
b <- 100000
c <- 75000
Population a growths 10% per year while population b growths 1% per year and population c growths 2% per year.
How many years are necessary for the total population of a be the same of b and of c?
I have tried to solve this problem by using the compound interest formula (but I am not sure whether this is the right way to do it).
If so, how can I find t in this comparison so that it returns TRUE?
a * ((1 + 0.1) ^ (1 * t)) == b * ((1 + 0.01) ^ (1 * t))
Thanks,
The population of A after $t $ years is $100 (1+.1)^t$.
B is $100,000 (1+.01)^t $
C is $75,000 (1+.02)^t$
You can find when any two of them are equal by setting 2 equal to each other and solving for $t $. But there's no reason to believe there will be a time all three are equal. There might be. But there's no reason to assume there is.
So $A =B $ when $100*1.1^t= 100000*1.01^t $ or when $A/B=1$ so $\frac {100*1.1^t}{100000*1.01^t}=1$
So $\frac {100}{100000}(\frac {1.1}{1.01}^t)=1$
$10^{-3}(\frac {1.1}{1.01})^t=1$
$ (\frac {1.1}{1.01})^t=10^3$
$t=\log_{\frac {1.1}{1.01}}10^3$
$=\frac {\log_{10}10^3}{\log_{10}\frac {1.1}{1.01}} =\frac 3 {\log_{10}\frac {1.1}{1.01}}$