SS TOu Teacner During the period from 2003 through 2010, gold prices doubled every 3 years (approximately). (a) What was the yearly growth factor for the price of gold during this period? (Round your answer to two decimal places.) (b) Explain in practical terms the meaning of the growth factor you found in part (a). this year's means that to find next year's gold price, multiply A yearly growth factor of price by Need Help? Talk to a Tutor Read It

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
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SS TOu Teacner
During the period from 2003 through 2010, gold prices doubled every 3 years (approximately).
(a) What was the yearly growth factor for the price of gold during this period? (Round your answer to two decimal places.)
(b) Explain in practical terms the meaning of the growth factor you found in part (a).
this year's
means that to find next year's gold price, multiply
A yearly growth factor of
price by
Need Help?
Talk to a Tutor
Read It
Transcribed Image Text:SS TOu Teacner During the period from 2003 through 2010, gold prices doubled every 3 years (approximately). (a) What was the yearly growth factor for the price of gold during this period? (Round your answer to two decimal places.) (b) Explain in practical terms the meaning of the growth factor you found in part (a). this year's means that to find next year's gold price, multiply A yearly growth factor of price by Need Help? Talk to a Tutor Read It
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