SOLUTION: Given that a set of data has a constant ratio of 8 and an initial value of 6, what is the rate of increase k?

Question 62464: Given that a set of data has a constant ratio of 8 and an initial value of 6, what is the rate of increase k?
Answer by dolly(163) (Show Source): You can put this solution on YOUR website!
Initial value = 6
Constant ratio = 8
==> the next value = 6*8
= 48
Increase = 48 - 6
= 42
Rate of increase = (increase/initial value)* 100
= (42/6)* 100
= 7 * 100
= 700%

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