Answer
18.549%
Work Step by Step
A = A0 (1-0.05)^4
A = A0 (0.95)^4
A = 0.81451
1-0.81451 = 0.18549
0.18549 x 100% = 18.549%
Functions Modeling Change: A Preparation for Calculus, 5th Edition
by Connally, Eric; Hughes-Hallett, Deborah; Gleason, Andrew M.; Cheifetz, Phil C.
Published by
Wiley
ISBN 10:
1118583191
ISBN 13:
978-1-11858-319-7
Chapter 4 - Exponential Functions - 4.1 Introduction to the Family of Exponential Functions - Exercises and Problems for Section 4.1 - Exercises and Problems - Page 145: 21
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