Find the selling price.
2 answers:
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Answer:
- Growth
- 22%
Step-by-step explanation:
<u>Given function:</u>
<u>Initial population size is when t = 0</u>
- P(0) = 400(1.22)⁰ = 400(1) = 400
<u>The multiple of 1.22 is applied every year, so the ratio of change is:</u>
- 1.22 = 122% = 100% + 22%
This is an exponential growth which represents 22% annual growth.
