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

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Question 973878: 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.
Thank you!!
Answer by josgarithmetic(39620) About Me  (Show Source):
You can put this solution on YOUR website!
The same exact problem was solved yesterday.
http://www.algebra.com/algebra/homework/Exponential-and-logarithmic-functions/Exponential-and-logarithmic-functions.faq.question.973696.html
http://www.algebra.com/algebra/homework/Exponential-and-logarithmic-functions/Exponential-and-logarithmic-functions.faq.question.973696.html

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