imirza12 imirza12

15-05-2020
Mathematics

contestada

what is the growth rate of the following?
y=1.07^(x)

1. 0.7%
2. 7%
3. 107%
4. 93%

Respuesta :

jimthompson5910 jimthompson5910

15-05-2020

1.07 = 1 + 0.07 = 100% + 7%

The growth rate is 7%

An example would be say you start off with 100 items. Multiply this with 1.07 and you should get 107 as a result, which is an increase of 7% (note how 7% of 100 = 7)

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