4.56% represents an average increase in average price per year. a student incorrectly calculated this average using 25%/5years=5% per year. Show this answer is not correct by calculating 5 successive 5% increases. What is 5 the year percent change using the 5% per year?

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
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ISBN:9780547587776
Author:HOLT MCDOUGAL
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Chapter7: Percents
Section: Chapter Questions
Problem 5CST
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4.56% represents an average increase in average price per year. a student incorrectly calculated this average using 25%/5years=5% per year. Show this answer is not correct by calculating 5 successive 5% increases. What is 5 the year percent change using the 5% per year?

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