The value of a stock increases by 8% each year. Explain why the stock value does not increase by 80% each decade.

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter7: Conic Sections And Quadratic Systems
Section7.CM: Cumulative Review Exercises
Problem 51CM
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The value of a stock increases by 8% each year. Explain why the stock value does not increase by 80% each decade.

 

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