Step 1: Apply the doubling formula.
The time taken to double a population growing at a constant rate \( r \) is given by the formula:
\[
T = \frac{\log 2}{\log (1 + r)}
\]
Given \( r = 0.05 \) (5%), we substitute the values:
\[
T = \frac{0.6912}{\log (1.05)}
\]
Step 2: Compute \( \log (1.05) \).
Using a calculator or logarithmic tables, we find:
\[
\log (1.05) \approx 0.02119
\]
Step 3: Calculate the time.
Now, calculate \( T \):
\[
T = \frac{0.6912}{0.02119} \approx 13.240 \text{ years}
\]
Step 4: Conclusion.
Thus, the time taken for the population to double is approximately 13.240 years, which corresponds to option (B).