Ask Question
30 August, 08:32

The library at a certain University reported the journal prices had increased by 150% over a period of 10 years The report concluded that this representing a price increase of 15% each year if journal prices had indeed increase by 15% each year what percentage increase would that give the over 10 years Ron your answer as a percentage to the nearest whole number

+2
Answers (1)
  1. 30 August, 08:42
    0
    1.15¹⁰=4.0456, the growth rate, so the increase is 3.0456 or 305%.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The library at a certain University reported the journal prices had increased by 150% over a period of 10 years The report concluded that ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers