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

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anonymous
 4 years ago
Best ResponseYou've already chosen the best response.0round to 3rd decimals

saifoo.khan
 4 years ago
Best ResponseYou've already chosen the best response.0Dont sleep in class.

anonymous
 4 years ago
Best ResponseYou've already chosen the best response.0no my teacher just sucks

saifoo.khan
 4 years ago
Best ResponseYou've already chosen the best response.0your question seems incomplete?

anonymous
 4 years ago
Best ResponseYou've already chosen the best response.0well the continuous rate is 3% so idk

anonymous
 4 years ago
Best ResponseYou've already chosen the best response.0to increase an number by 3% you multiply it by 1.03

anonymous
 4 years ago
Best ResponseYou've already chosen the best response.0well the equation is P=PoA^t

anonymous
 4 years ago
Best ResponseYou've already chosen the best response.0so every year this will increase by 3% yes, in your example A = 1.03

anonymous
 4 years ago
Best ResponseYou've already chosen the best response.0is this clear or not?

anonymous
 4 years ago
Best ResponseYou've already chosen the best response.0the first part of the question shows Continuous example P=70e^0.03t and thats 3% what s the annual

anonymous
 4 years ago
Best ResponseYou've already chosen the best response.0find \[e^{.03}\] and subtract 1

anonymous
 4 years ago
Best ResponseYou've already chosen the best response.0so do i use thedecimals or round to just 3%

anonymous
 4 years ago
Best ResponseYou've already chosen the best response.0k i got it wrong so it gave me new values.

anonymous
 4 years ago
Best ResponseYou've already chosen the best response.0\[e^{.03}=1.0304545...\] so annual rate is \[.0304545...\] or \[ 3.045\%\]
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