Answer:
The approximate monthly rate of growth is 1.24%
Step-by-step explanation:
we have the future value formula

we have
----> annual interest rate
so


Find the approximate monthly rate of growth
Remember that

so
Divide the number of periods t by 12

Applying power rules property



Convert to percentage

therefore
The approximate monthly rate of growth is 1.24%
Answer:
Didn't post the picture
Step-by-step explanation:
Answer:
one tenth of a sandwich
Step-by-step explanation:
You would get 9e+46 so not a real answer, just an estimate of what the answer is.
It’s used to correct statistical averages that include obvious imbalances because of outliers in the data set.