SOLUTION: Suppose a certain population increases by 20% every ten years. By what percent does the population increase each year (assuming a constant growth rate)? (Hint: the answer is not

Question 973696: Suppose a certain population increases by 20% every ten years. By what percent does the population increase each year (assuming a constant growth rate)? (Hint: the answer is not 2%.)
Show your work. Round to the nearest hundredth of a percent.
I believe they are asking for me to use the equation A = Pe^(rt)
Thank you!!
Answer by josgarithmetic(39628) (Show Source): You can put this solution on YOUR website!
Ten years pass:
;
Solve for r.

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