Answer :
Since the population is compounded continuously
p = p0 ext
t = time in years
x = annual percentage rate
let 'r' be the monthly percentage rate
So, x = 12 r
p = p
p = P0 .e12rt
Given that population doubles in 3 months
t = 3/12 = 1/4 years
2p0 = P0 . e12 r (1/4)
2 = e3r
ln 2 = 3r . lne
r = 1/3 . ln(2)
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