Step 1: Understanding the Question:
The question describes a population growth process modeled by a first-order differential rate. The growth rate is constant at $8\%$ per year, and we need to compute the total time required for the initial population to double.
Step 2: Key Formula or Approach:
Let $P$ represent the population at any time $t$. The rate of change of population with respect to time is proportional to the population present:
$$\frac{dP}{dt} = 8\% \text{ of } P = \frac{8}{100}P = 0.08P$$
We solve this differential equation by separating variables and integrating:
$$\int \frac{1}{P} \, dP = \int 0.08 \, dt$$
Step 3: Detailed Explanation:
Integrating both sides of the equation yields:
$$\log P = 0.08t + C$$
Let the initial population at $t = 0$ be $P_0$. Substituting these values allows us to solve for the integration constant $C$:
$$\log P_0 = 0.08(0) + C \implies C = \log P_0$$
Substitute $C$ back into our integrated equation:
$$\log P = 0.08t + \log P_0 \implies \log P - \log P_0 = 0.08t \implies \log\left(\frac{P}{P_0}\right) = 0.08t$$
We want to find the time $t$ when the population doubles, which means $P = 2P_0$:
$$\log\left(\frac{2P_0}{P_0}\right) = 0.08t \implies \log 2 = 0.08t$$
Isolate time $t$ using the provided value for $\log 2 = 0.6912$:
$$t = \frac{\log 2}{0.08} = \frac{0.6912}{0.08} = \frac{69.12}{8} = 8.64\ \text{years}$$
Step 4: Final Answer:
The time taken for the population to double is $8.64\ \text{years}$, corresponding to option (D).