Answer:
Monthly growth rate = 1.2 %
Step-by-step explanation:
We have been given that the website's views were increasing exponentially at a rate of 14% per year.
When converted to decimal, it becomes
Rate = 14% = 0.14 annually
Now, in a year there are 12 months. Hence, in order to find the monthly growth rate, we can divide the rate by 12.
Therefore,
Monthly growth rate = 0.14/12 = 0.011667 = 1.1667 %
Rounded to the nearest tenth, the rate is
Monthly growth rate = 1.2 %
