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What is the rate in the following problem y = 2000 x (1:05)^t
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What is the rate in the following problem y = 2000 x (1:05)^t

User Mbpaulus
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1 Answer

5 votes

Answer: rate of growth = 5%

Explanation:

rate of growth = (base - 1) x 100 rate of growth = (1.05 - 1) x 100 rate of growth = 0.05 x 100 rate of growth = 5%

User Nicolas Acosta
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