Question

Enrollment was increasing at a rate of 20% per year. What was the monthly growth rate? Enter your answer, rounded to the nearest tenth of a percent, in the box.

Answer 1

1.5

Explanation:

Answer 2

The growth rate per year is given by:
20%
We know that:
One year = 12 months
Applying this conversion, we have that the monthly change rate is given by:

`(20) * (1/12) = 1.666666667%`
round to the nearest tenth of a percent:
1.7%
Answer:
the monthly growth rate was: 1.7%