Answer:
The growth rate is 0.6
The growth factor is 1.6
Step-by-step explanation:
Generally, the exponential equation can be written as;
y = a(1 + r)^x
Where a is the initial value of 100
r is the growth rate
So let us form equations;
160 = 100(1 + r)^1 •••••(i)
Also;
256 = 100(1 + r)^2 •••••••(ii)
Divide equation ii by i
256/160 = 1 + r
1.6 = 1 + r
r = 1.6-1
r = 0.6
27 is Jahmya and $0.54
28 is she should receive $9.38 back
29 is he should receive $1.53 back.
