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## 10. The amount of people using a certain product can be modeled by P = 85(1.2) where t is the number of years since the product was fi

Question

10. The amount of people using a certain product can be modeled by P = 85(1.2) where t is the

number of years since the product was first released. What is the growth rate?

A) 2%

B) 20%

C) 120%

D) 12%

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Mathematics
6 months
2021-07-24T11:21:00+00:00
2021-07-24T11:21:00+00:00 1 Answers
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## Answers ( )

Answer:B) 20%

Step-by-step explanation:Exponential equation:An exponential equation is given by:

In which A(0) is the initial amount and r is the growth rate, as a decimal.

In this question:Growth rate:We want to find r, so:

The growth rate is of 0.2 = 2%, and the correct answer is given by

option B.