Back to Interpret exponential function properties — Problem 4 · Task Set 25

HSF.IF.C.8.b Tutor Intake — Interpreting Exponential Function Parameters

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Grade 9·11 problems·~13 min·Common Core Math - HS Functions·standard·hsf-if-c-8b

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Procedures

The function $y = P(1.01)^{12t}$ can be rewritten as $y = P(1.01^{12})^t$ .

Using a calculator, $1.01^{12} \approx 1.1268$ .

What is the approximate annual percent growth rate? Enter as a number
rounded to two decimal places (e.g., enter $12.68$ for $12.68\%$ ).