An investment grows by 22% over a 5 year period. What is its effective annual percent growth rate
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Place a dot on the origin.
A line that has a slope of
goes by this formula:
So "rise -2" and "run 3."
Rise -2 is basically go down 2, so go down 2 units from the origin. Run 3 means go right 3 units from (0, -2).
Draw a line through (3, -2) and (0, 0).
A line that has a slope of
So "rise -2" and "run 3."
Rise -2 is basically go down 2, so go down 2 units from the origin. Run 3 means go right 3 units from (0, -2).
Draw a line through (3, -2) and (0, 0).