Question

Help this is due in 2 minutes

Answer 1

Answer:

6% growth

Step-by-step explanation:

The equation =

A = 2300(1.06)⁷

What does 0.06 represent in the equation?

The formula for Exponential growth =

y = a (1 +r)^t

Where

y = Size after time t

a = Initial size

r = Growth rate in Percentage

t = Time t

Equating both Equations together

y = a (1 +r)^t = A = 2300(1.06)⁷

1 + r = 1.06

r = 1.06 - 1

r = 0.06

Converting to percent

r = 0.06 × 100

r = 6% growth rate