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Mathematics 9 Online
OpenStudy (anonymous):

Given an exponential function for compounding interest, A(x) = P(1.04)x, what is the rate of change? 0.04% 1.04% 104% 4%

jimthompson5910 (jim_thompson5910):

hint: 1.04 = 1 + 0.04

OpenStudy (anonymous):

So it would be 1.04%? @jim_thompson5910

jimthompson5910 (jim_thompson5910):

another hint: compare 1+0.04 to 1+r what is r?

OpenStudy (anonymous):

1.04?

jimthompson5910 (jim_thompson5910):

no

OpenStudy (anonymous):

I'm really bad at Algebra... I'm sorry :(

jimthompson5910 (jim_thompson5910):

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