Question

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

Answer 1

round to 3rd decimals

Answer 2

Dont sleep in class.

Answer 3

lol

Answer 4

i dont

Answer 5

Lol. seems like it

Answer 6

no my teacher just sucks

Answer 7

your question seems incomplete?

Answer 8

3%

Answer 9

well the continuous rate is 3% so idk

Answer 10

to increase an number by 3% you multiply it by 1.03

Answer 11

well the equation is P=PoA^t

Answer 12

apparantly a=1+r

Answer 13

so every year this will increase by 3%
yes, in your example A = 1.03

Answer 14

is this clear or not?

Answer 15

the first part of the question shows Continuous example P=70e^0.03t and thats 3% what s the annual

Answer 16

find
\[e^{.03}\] and subtract 1

Answer 17

so do i use thedecimals or round to just 3%

Answer 18

3.045 or 3

Answer 19

?

Answer 20

???????????

Answer 21

hold on let me check

Answer 22

k i got it wrong so it gave me new values.

Answer 23

\[e^{.03}=1.0304545...\] so annual rate is
\[.0304545...\] or
\[ 3.045\%\]

Answer 24

k thanks

Answer 25

yw