P=300 r=7% t=2 what is i
2 answers:
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Answer:
100%
Step-by-step explanation:
An exponential equation with a growth rate can be expressed as: where r is a positive number, and represents the growth rate.
In this case since the base of the exponent equals 2, that means r=1, since 1+1=2. This means it has a growth rate of 100%, which makes sense, since the base is 2, meaning it doubles or increases by 100% every time x increases by 1.