Share
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%
in progress
0
Mathematics
6 months
2021-07-24T11:21:00+00:00
2021-07-24T11:21:00+00:00 1 Answers
3 views
0
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.