What is the formula for calculating growth rate?
Chapter10: Exponential And Logarithmic Functions
Section10.5: Solve Exponential And Logarithmic Equations
Problem 355E: What is the difference between the equation for exponential growth versus the equation for...
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Question
What is the formula for calculating growth rate?
Expert Solution
Step 1
The formula of the growth rate is defined as:
Step 2
The formula of the growth rate in terms of percentage is defined as:
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