According to statista.com,  there were 50 million instagram monthly active users (MAU) in 2012. In 2018 there were 1 billion (1,000 million) instagram users. Find the yearly growth factor of instagram MAU from 2012 to 2018. Round base to the nearest thousandth. (hint: note the number of years.)

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter8: Sequences, Series, And Probability
Section8.4: Geometric Sequences And Series
Problem 6SC
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According to statista.com,  there were 50 million instagram monthly active users (MAU) in 2012. In 2018 there were 1 billion (1,000 million) instagram users. Find the yearly growth factor of instagram MAU from 2012 to 2018. Round base to the nearest thousandth. (hint: note the number of years.)

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