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A quantity shrinks at a continuous rate of 40% per year. Its effective growth rate is? Could you show your work so that I can understand how you found the answer?

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter6: Exponential And Logarithmic Functions

Section6.7: Exponential And Logarithmic Models

Problem 16TI: Recent data suggests that, as of 2013, the rate of growth predicted by Moore’s Law no longer holds....

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A quantity shrinks at a continuous rate of 40% per year. Its effective growth rate is?

Could you show your work so that I can understand how you found the answer?

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