101k views
3 votes
Y=7600(1.01)^x What is the percentage rate of increase or decrease.

1 Answer

4 votes
The rate of increase is 1%. The rate is always what is in the parentheses minus 1.
User Mchiasson
by
6.7k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.