Over the last 6 years, a corporation's debt grew by $4, 738, 104 . Calculate the average rate at which the company's debt was growing in cents per minute. Round your answer to the nearest hundredth if necessary. (For the purposes of this calculation, use 365 days/year.) The debt was growing at an average rate of cents per minute.

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
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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Over the last 6 years, a corporation's debt grew by $4, 738, 104. Calculate the average rate at which the
company's debt was growing in cents per minute. Round your answer to the nearest hundredth if necessary.
(For the purposes of this calculation, use 365 days/year.)
The debt was growing at an average rate of
cents per minute.
Transcribed Image Text:Over the last 6 years, a corporation's debt grew by $4, 738, 104. Calculate the average rate at which the company's debt was growing in cents per minute. Round your answer to the nearest hundredth if necessary. (For the purposes of this calculation, use 365 days/year.) The debt was growing at an average rate of cents per minute.
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