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April 24, 2014

April 24, 2014

Posted by **josh** on Wednesday, March 23, 2011 at 6:23pm.

annual growth rate: %

continuous growth rate: %

- precalculus -
**Reiny**, Wednesday, March 23, 2011 at 7:07pm2 = 1(1+i)^20

take 20th root of both sides

1.03526 = 1+i

i = .03526

the rate is 3.526%

continuous growth:

2 = e^(20k)

ln 2 = 20k(lne)

k = ln2/20 = .03466 or 3.466%

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