Isaiahtate053
22.09.2019 •
Mathematics
An investment of $200 increases at a rate of 9.5% per year. what is the growth factor, b?
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Ответ:
The standard form for rate equation is:
F = P (1 + r)^n
or
F = P b^n
So b = 1 + r
In this case, r is given as 9.5% or 0.095. Therefore:
b = 1 + 0.095
b = 1.095
The growth factor is 1.095.
Ответ:
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