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Sagot :
Here, we want to know what the constant reveal
The growth factor inside the bracket as can be seen is greater than 1
It can also be less than 1
When it is greater than 1, there is an indication of a positive change from year to year
1.85 is greater than 1 and as such, we have an indication for a positive change
That means, as the years roll by, there will be a greater value of the quantity
Hence, as t increases, f(t) increases
To find the percentage growth rate, we subtract 1 from the growth value which is (1.85-1) = 0.85
0.85 represents a percentage of 85%; and thus there is a growth rate of 85% per year
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