Question

The constant rate of growth for the function f(x)=76,042*1.148^x is _________%

Answer 1

ok... so the compound interest formula... which is basically what your problem is similar to is

\[A = P \times (1 + \frac{r}{100})^n\]

in your equation P = 76042

in my equation r is the growth rate so comparing you have

\[1.148 = 1 + \frac{r}{100}\]

so what do you think r is..?

Answer 2

is r=114.8?

Answer 3

@ganeshie8
@mathmale
@mathstudent55

Answer 4

well not quite

1 + r = 1.148

so subtract 1 from both sides

r = 0.148

now convert it to a percentage