Problem 3 The number of employees in a company has been growing exponentially by 10% each year. By what factor does the number of employees change: . Each month?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section7.9: Geometric Sequences As Exponential Functions
Problem 49PFA
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Problem 3
The number of employees in a company has been growing
exponentially by 10% each year. By what factor does the
number of employees change:
1. Each month?
2. Every 3 months?
3. Every 20 months?
Transcribed Image Text:Problem 3 The number of employees in a company has been growing exponentially by 10% each year. By what factor does the number of employees change: 1. Each month? 2. Every 3 months? 3. Every 20 months?
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