+0  
 
0
511
1
avatar+115 

A population grows by 4.9% each year. By what percentage does it grow each month? (Round your answer to two decimal places.)

 May 9, 2020
 #1
avatar
0

[1 + 0.049]^1/12 =1.049^(1/12) =1.004190 - 1 x 100 =0.42% - This is monthly compound rate.

 May 9, 2020

3 Online Users

avatar