3 years ago

What is the growth factor that corresponds to a product that increases its value first by 2%, and then increases by 5% of

Mathematics

1 answer:

BartSMP [9]3 years ago

8 0

Answer:

1.19

Step-by-step explanation:

1+0.02+0.05+0.12 = 1.19

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gizmo_the_mogwai [7]

Answer:

94 years

Step-by-step explanation:

We can approach the solution using the compound interest equation

$A= P(1+r)^t$

Given data

P= $40,000

A= $120,000

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