The rate of interest is 25%
<u>Explanation:</u>
Given:
Principal, P = $2,000
Amount, A = $2500
Time, t = 1 year
Rate of Interest, r = ?
We know:
On substituting the value we get:
Therefore, the rate of interest is 25%
Answer:
11.9
Step-by-step explanation:
I just know this off the top of my head
The real one is 11.18034
When an exponential function is given as
f(x)=ab^x, and
knowing that b^0=1, that means that
f(0)=ab^0=a value of function when x=0, or the initial value.
In the case of
f(x)=20.b^x, f(0)=20.b^0 = 20 (initial value)
If b=1.2, then the hourly growth rate is (1.2-1)=0.2=20%.
If b=1.85, then the hourly growth rate is (1.85-1)=0.85=85%.
