On June 10, 2010 The Boston Globe reported that in the five years between 2006 and 2011 Boston firefighters received raises of 2%, 2.5%, 3%, 3.5%, 2.5%, and 1.5%. Explain why the overall raise for this five year period is not just the sum of the six percentage increases.
On June 10, 2010 The Boston Globe reported that in the five years between 2006 and 2011 Boston firefighters received raises of 2%, 2.5%, 3%, 3.5%, 2.5%, and 1.5%. Explain why the overall raise for this five year period is not just the sum of the six percentage increases.
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.57TI: What is the total effect on the economy of a government tax rebate of $1,000 to each household in...
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On June 10, 2010 The Boston Globe reported that in the five years between 2006 and 2011 Boston firefighters received raises of 2%, 2.5%, 3%, 3.5%, 2.5%, and 1.5%.
Explain why the overall raise for this five year period is not just the sum of the six percentage increases.
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