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anonymous

  • 4 years ago

What is the annual percent growth rate for formula P=70(1.03)^t

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  1. anonymous
    • 4 years ago
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    round to 3rd decimals

  2. saifoo.khan
    • 4 years ago
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    Dont sleep in class.

  3. anonymous
    • 4 years ago
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    lol

  4. anonymous
    • 4 years ago
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    i dont

  5. saifoo.khan
    • 4 years ago
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    Lol. seems like it

  6. anonymous
    • 4 years ago
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    no my teacher just sucks

  7. saifoo.khan
    • 4 years ago
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    your question seems incomplete?

  8. anonymous
    • 4 years ago
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    3%

  9. anonymous
    • 4 years ago
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    well the continuous rate is 3% so idk

  10. anonymous
    • 4 years ago
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    to increase an number by 3% you multiply it by 1.03

  11. anonymous
    • 4 years ago
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    well the equation is P=PoA^t

  12. anonymous
    • 4 years ago
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    apparantly a=1+r

  13. anonymous
    • 4 years ago
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    so every year this will increase by 3% yes, in your example A = 1.03

  14. anonymous
    • 4 years ago
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    is this clear or not?

  15. anonymous
    • 4 years ago
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    the first part of the question shows Continuous example P=70e^0.03t and thats 3% what s the annual

  16. anonymous
    • 4 years ago
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    find \[e^{.03}\] and subtract 1

  17. anonymous
    • 4 years ago
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    so do i use thedecimals or round to just 3%

  18. anonymous
    • 4 years ago
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    3.045 or 3

  19. anonymous
    • 4 years ago
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    ?

  20. anonymous
    • 4 years ago
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    ???????????

  21. anonymous
    • 4 years ago
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    hold on let me check

  22. anonymous
    • 4 years ago
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    k i got it wrong so it gave me new values.

  23. anonymous
    • 4 years ago
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    \[e^{.03}=1.0304545...\] so annual rate is \[.0304545...\] or \[ 3.045\%\]

  24. anonymous
    • 4 years ago
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    k thanks

  25. anonymous
    • 4 years ago
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    yw

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spraguer (Moderator)
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