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ictionopolis has a real GDP per capita of $5,000, which is growing at 10% per year. Sitara has a real GDP per capita of $10,000, which is growing at 5% per year. Real GDP per capita for the two nations will converge in about _____ years.

Respuesta :

Answer:

16 years

Explanation:

ictionopolis has a real GDP per capita of $5,000, which is growing at 10% per year. Sitara has a real GDP per capita of $10,000, which is growing at 5% per year. Real GDP per capita for the two nations will converge in about sixteen years.

Year Ictionopolis Sitara

1                5000 10000

2                5500 10500

3                6050 11025

4                6655 11576.25

5                7320.5 12155.062

6                8052.55 12762.81

7                8857.80 13400.95

8              9743.55 14071.00

9             10717.94 14774.55

10             11789.73 15513.28

11             12968.71 16288.94

12            14265.58 17103.39

13             15692.14 17958.56

14                17261.35     18856.49

15             18987.49   19799.31

16            20886.24  20789.28

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