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Hi,
I was wondering if anyone out here on a Friday night could help me understand population modeling. Here is what I have as a problem (this is pretty simple because my goal here is to understand the thinking behind the madness )

The population of a certain community is known to increase at a rate proportional to the number of people present at any time. If the population has doubled in 5 years, how long will it take to triple, to quadruple?

So I understand that the rate = dy/dt and proportional translates to "something" = "some constant" times "something", or (dy/dt)=Ky, or in this case, dP/dt = kP.
Solving this DE I get the equation P(t)= P(initial)e^(kt). So all I am told is that the population doubles in 5 years. So what can I do? I can't assume an arbitrary number as the initial population can I? So I have one equation with three unknowns, P(initial), P(t), and k.
Any insight would be great. Thanks!!
I was wondering if anyone out here on a Friday night could help me understand population modeling. Here is what I have as a problem (this is pretty simple because my goal here is to understand the thinking behind the madness )

The population of a certain community is known to increase at a rate proportional to the number of people present at any time. If the population has doubled in 5 years, how long will it take to triple, to quadruple?

So I understand that the rate = dy/dt and proportional translates to "something" = "some constant" times "something", or (dy/dt)=Ky, or in this case, dP/dt = kP.
Solving this DE I get the equation P(t)= P(initial)e^(kt). So all I am told is that the population doubles in 5 years. So what can I do? I can't assume an arbitrary number as the initial population can I? So I have one equation with three unknowns, P(initial), P(t), and k.
Any insight would be great. Thanks!!