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Tokio tracks the monthly balance of her investment in a newly opened bank in Palawan. Refer to the table below that depicts the growth of her investment per month. Month Investment $500,000 | $512,500 $525,312.5 | $538,445.3125 $551,906.4453 1 3 4 What is the rate of growth? 12.3% B 12.5% 20% 2.5%

Tokio tracks the monthly balance of her investment in a newly opened bank in Palawan. Refer to the table below that depicts the growth of her investment per month. Month Investment $500,000 | $512,500 $525,312.5 | $538,445.3125 $551,906.4453 1 3 4 What is the rate of growth? 12.3% B 12.5% 20% 2.5%

College Algebra
College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 3SE: The Oxford Dictionary defines the word nominal asa value that is “stated or expressed but...
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Tokio tracks the monthly balance of her investment in a newly opened bank in Palawan. Refer to the table below that depicts the growth of her investment per month. Month Investment $500,000 | $512,500 | $525,312.5 | $538,445.3125 | $551,906.4453 1 2 3 4 What is the rate of growth? A. 12.3% B 12.5% c) 20% 2.5%
Transcribed Image Text:Tokio tracks the monthly balance of her investment in a newly opened bank in Palawan. Refer to the table below that depicts the growth of her investment per month. Month Investment $500,000 | $512,500 | $525,312.5 | $538,445.3125 | $551,906.4453 1 2 3 4 What is the rate of growth? A. 12.3% B 12.5% c) 20% 2.5%
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