AnkitK
The number of antelope in a certain herd increases every yr at a constant rate .If there are 500 antelopes in herd today,how many yrs will it take for the number to double?
1.10 yrs from now,there will be more than 10 times the current no of antelope in the herd.
2.If the herd were to grow in number at twice the current rate,there would be 980 antelope in the group in two yrs.
Number of antelopes now be "A"
A=500
Say after t years, it will double
1000=500(1+r)^t
(1+r)^t = 2
What is t?
1.10 yrs from now,there will be more than 10 times the current no of antelope in the herd.
t=10
500(1+r)^10 > 5000
(1+r)^10 > 10
(1+r) > (10)^(1/9)
r> (10)^(1/9) - 1
Don't have to calculate: (10)^(1/9) - 1.
Whatever may be the value; since the r is more than a value. The exact rate is not know.
r could be any number greater than [(10)^(1/9) - 1].
Not Sufficient.
2.If the herd were to grow in number at twice the current rate,there would be 980 antelope in the group in two yrs.
980=500(1+2r)^2
An exact value of r can be calculated from this expression.
Then; we will just have to substitute r into the expression
(1+r)^t = 2
And we will have t.
Sufficient.
Ans: "B"
If we were to calculate just for the sake of it;
980=500(1+2r)^2
(1+2r)^2 = 1.96
1+2r = 1.4
2r = 0.4
r = 0.2
Substitute this value of r;
(1+r)^t = 2
(1+0.2)^t = 2
(1.2)^t = 2
I see that t is a value more than 3 years and less than 4 years.