Answered

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If t is measured in years, what is theConsider the function y(1.09)percent change in y every year?

Sagot :

Answer:

Percentage increase every year is 9%

Explanation:

If we have a function of the form

[tex]y=(1+a)^t[/tex]

then a* 100% is the percent increase.

Now, the function

[tex]y=(1.09)^t[/tex]

can be rewritten as

[tex]y=(1.00+0.09)^t[/tex]

meaning a = 0.09; therefore, the percent increase is

[tex]0.09\cdot100\%[/tex][tex]=9\%^{}[/tex]

which is our answer!

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