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OpenStudy (anonymous):
Given an exponential function for compounding interest, A(x) = P(1.02)x, what is the rate of change?
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OpenStudy (anonymous):
2% 0.02% 1.02% 102%
OpenStudy (anonymous):
Multiplying something by 1.02 increases it by 2%
OpenStudy (anonymous):
so is 2% the rate?
OpenStudy (anonymous):
yes
OpenStudy (anonymous):
thank you!
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