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Algebra
Question

For each nominal exponential growth/decay describ...

 For each nominal exponential growth/decay described below, find the effective annual growth rate and express it as a percentage rounded to one decimal place. 

A quantity's size after \( t \) years is given by \( A ( t ) = ( 1.09 ) ^ { t } \) . Its effective growth rate is  

A quantity shrinks at a continuous rate of \( 34 \% \) per year. Its effective growth rate is  

A quantity grows at a rate of \( 14 \% \) compounded monthly. Its effective growth rate is  

A quantity has a half-life of \( 6 \) years. Its effective annual growth rate is  

A quantity has a tripling time of 

Answer

9%

-28.8%

14.9%

-10.9%

6.7%

 

 

Solution
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