SOLUTION: One more for verification purposes: IF something increases by 40% every 6 months what is the 1-year % increase? Let S= something S=(1+.40)^12 = S(1.40)^12 = S(56.59) = S

Algebra ->  Exponential-and-logarithmic-functions -> SOLUTION: One more for verification purposes: IF something increases by 40% every 6 months what is the 1-year % increase? Let S= something S=(1+.40)^12 = S(1.40)^12 = S(56.59) = S       Log On


   

Question 432553: One more for verification purposes:
IF something increases by 40% every 6 months what is the 1-year % increase?
Let S= something
S=(1+.40)^12 = S(1.40)^12 = S(56.59) = S increased by 56.59% in 1 year.

Correct?
Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!


Hi

IF something increases by 40% every 6 months what is the 1-year % increase

After 1st 6mos, S would be S + .40S OR 1.40S

after 2nd 6mos. S would be [(1.40S) + .40*(1.40S)] OR 1.96S or a 96% increase.