anonymous
  • anonymous
What is the annual percent growth rate for formula P=70(1.03)^t
Mathematics
  • Stacey Warren - Expert brainly.com
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SOLVED
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katieb
  • katieb
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anonymous
  • anonymous
round to 3rd decimals
saifoo.khan
  • saifoo.khan
Dont sleep in class.
anonymous
  • anonymous
lol

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anonymous
  • anonymous
i dont
saifoo.khan
  • saifoo.khan
Lol. seems like it
anonymous
  • anonymous
no my teacher just sucks
saifoo.khan
  • saifoo.khan
your question seems incomplete?
anonymous
  • anonymous
3%
anonymous
  • anonymous
well the continuous rate is 3% so idk
anonymous
  • anonymous
to increase an number by 3% you multiply it by 1.03
anonymous
  • anonymous
well the equation is P=PoA^t
anonymous
  • anonymous
apparantly a=1+r
anonymous
  • anonymous
so every year this will increase by 3% yes, in your example A = 1.03
anonymous
  • anonymous
is this clear or not?
anonymous
  • anonymous
the first part of the question shows Continuous example P=70e^0.03t and thats 3% what s the annual
anonymous
  • anonymous
find \[e^{.03}\] and subtract 1
anonymous
  • anonymous
so do i use thedecimals or round to just 3%
anonymous
  • anonymous
3.045 or 3
anonymous
  • anonymous
?
anonymous
  • anonymous
???????????
anonymous
  • anonymous
hold on let me check
anonymous
  • anonymous
k i got it wrong so it gave me new values.
anonymous
  • anonymous
\[e^{.03}=1.0304545...\] so annual rate is \[.0304545...\] or \[ 3.045\%\]
anonymous
  • anonymous
k thanks
anonymous
  • anonymous
yw

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