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OpenStudy (anonymous):
Given the growth formula, f(t)=5(1.25)^t, what is the growth rate?
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OpenStudy (anonymous):
The formula is \(F=P(1+i)^t\) ; where \(i\) is the growth rate. We can write the given formula as \(f(t)=5(1+0.25)^t\), and we can see that the growth rate \(i=0.25\) or \(25\%\).
OpenStudy (anonymous):
Thanks so much!
OpenStudy (anonymous):
You're welcome!!
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