Mathematics, 13.10.2020 01:01 anniekwilbourne

Alan says that a growth rate of 12% per year is equivalent to a growth rate of 1% per month because there are 12 months in a year and 12%÷12=1%. Explain why Alan is mistaken, and approximate the correct monthly growth rate that is equivalent to an annual growth rate of 12%. Round to two decimal places.

Answers: 3

Show answers

Another question on Mathematics

Mathematics, 21.06.2019 17:30

Add the fractions, and simply the result to lowest terms. 2/3 + 2/7= ?

Answers: 2

Answer

Mathematics, 21.06.2019 18:00

What is the rate of change of a line that passes through (2,-5) and (6,-2)?

Answers: 2

Answer

Mathematics, 21.06.2019 18:40

Which statements regarding efg are true? check all that apply.

Answers: 1

Answer

Mathematics, 21.06.2019 19:50

If the scale factor between two circles is 2x/5y what is the ratio of their areas?

Answers: 3

Answer

You know the right answer?

Alan says that a growth rate of 12% per year is equivalent to a growth rate of 1% per month because...

Questions

English, 04.12.2020 18:20

Write a paragraph that evaluates Odysseus's qualifications as an epic hero...

Mathematics, 04.12.2020 18:20

Write an equation in point- slope form for the line that passes through the point and has the slope given below. (-8,5); m = 1/4

Chemistry, 04.12.2020 18:20

Which of the following is NOT an example of the earth surface is changed by physical or chemical weathering A wind eroding the side of a hill by carr...

History, 04.12.2020 18:20

1 What was one result of the Treaty of Paris of 1783? A British territory in eastern Canada was ceded to France. B The British navy agreed to...

Mathematics, 04.12.2020 18:20

Which pair of triangles can be used to show that the slope of line a is the same anywhere along the line?

Mathematics, 04.12.2020 18:20

If a board measures LaTeX: 4\frac{3}{8}4 3 8 centimeters long and it is cut into lengths of LaTeX: 1\frac{2}{3}1 2 3 how many pieces will you have?...

Mathematics, 04.12.2020 18:20

Which equation has a graph that is a parabola with a vertex at (5, 3)? A; y = (x – 5)2 + 3B; y = (x + 5)2 + 3C; y = (x – 3)2 + 5D;...

Mathematics, 04.12.2020 18:20

Triangle XYZ has vertices at X(-4, 2), Y(2, 2), and Z(2,4). After a dilation is applied, the image triangle X'Y'Z' has vertices X'(-12, 6), Y'(6, 6),...

Mathematics, 04.12.2020 18:20

What is the slope of a road that rises 9 feet for every 45 feet it runs?...

Computers and Technology, 04.12.2020 18:20

1. What is output to the screen by the following code? int n = 10; while (n > e) n--; System. out. print (n%4 + ");...

Mathematics, 04.12.2020 18:20

The lengths of the sides of a triangle are in the extended ratio 5 : 9 : 10. The perimeter of the triangle is 120 cm. What are the lengths of the side...

Mathematics, 04.12.2020 18:20

Jacob is a salesperson who sells computers at an electronics store. He makes a base pay amount each day and then is paid a commission as a percentage...

Mathematics, 04.12.2020 18:20

Grace made tables of values to solve a system of equations. First, she found that the value of the solution was between 0 and 1, and then she found th...

Mathematics, 04.12.2020 18:20

A bakery offers a sale price of $3.40 for 4 muffins. What is the price pe dozen?...

Mathematics, 04.12.2020 18:20

Yesterday at 12 a. m. (midnight) the temperature was 1.5oF . The temperature change in the next 8-hour period of time was - ⅘ degree per hour. The tem...

Engineering, 04.12.2020 18:20

Please calculate the current for the circuit below

Arts, 04.12.2020 18:20

To anyone sad out there, i luv u <3 ...

Biology, 04.12.2020 18:20

5. A cell that has non-functioning or fewer mitochondria would most likely: a) have difficulty digesting food b) produce less ATP c) develop more mut...

English, 04.12.2020 18:20

In the 70's and 80's, American Bald Eagles declined significantly in numbers due to a pesticide that caused their eggshells to be too thin. I a specie...

Mathematics, 04.12.2020 18:20

Speedy Boat Rental charges a $15 deposit fee plus $2 for each hour of use to rent a paddle boat. Which equation shows how many hours, they rented the...

More questions: Mathematics Another questions