The value of a stock increases by 8% each year.1. Explain why the stock value does not increase by 80% each decade.2. Does the value increase by more or less than 80% each decade?

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Answered: The value of a stock increases by 8%…

Holt Mcdougal Larson Pre-algebra: Student Edition 2012

1st Edition

ISBN:9780547587776

Author:HOLT MCDOUGAL

Publisher:HOLT MCDOUGAL

Chapter7: Percents

Section7.5: Percent Of Change

Problem 27E

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The value of a stock increases by 8% each year. 1. Explain why the stock value does not increase by 80% each decade. 2. Does the value increase by more or less than 80% each decade?