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I need help on this equation. It’s algebra. SAT PREP.

I need help on this equation. It’s algebra. SAT PREP.-example-1

1 Answer

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Answer:

r = 1.14

Explanation:

The value of a product (A) over time with an increasing rate "i" can be calculated as follows:

A = C(1+i)^t

where:

C is the value of the product at time 0;

A is the value of the product at time t;

i is the increasing rate.

If we compare the expression V=300r^t with A = C(1+i)^t. We can observe that:

r = 1+i

r = 1+0.14

r = 1.14

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