document.write( "Question 1001297: If the cost was $20 in 1998 and $40 in 2008, then what is the average rate of change of the cost for that time period? \n" ); document.write( "
Algebra.Com's Answer #618541 by Boreal(15235)![]() ![]() You can put this solution on YOUR website! It doubles in 10 years \n" ); document.write( "p=Poe^rt \n" ); document.write( "p/Po=2 \n" ); document.write( "2=e^rt \n" ); document.write( "ln of both sides, t=10 \n" ); document.write( "0,0693=10r \n" ); document.write( "r=6.93%. It is an interest problem with continuous compounding, \n" ); document.write( " |