If the price of commodity doubles in a period of 4 years, what is the average percentage increase per year ?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 8RE: Suppose an investment account is opened with aninitial deposit of 10,500 earning 6.25...
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If the price of commodity doubles in a period of 4 years, what is the average
percentage increase per year ?
Transcribed Image Text:If the price of commodity doubles in a period of 4 years, what is the average percentage increase per year ?
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