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Math · Advanced Math

Interpret an exponential model

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Question 1

The model \(P(t) = 100\left(\frac{105}{100}\right)^t\) gives a quantity after \(t\) years. What is the annual percent rate of change?

Choose one answer A\(5%\) B\(105%\) C\(7%\) D\(-5%\)

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