Question

Can you also show the work plz

Answer 1

$29,900

Growth

22%

Explanation:

Initial value is when t = 0

v(0) = 29900(1.22)^0

v(0) = 29900(1)

v(0) = 29900

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Growth

because 1.22 is greater than 1

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Yearly value change

1.22 - 1 = 0.22

0.22 * 100 = 22

22%