Find the annual growth rate of the quantity described below. A stock portfolio drops to one-fifth its former value over a 6-year period. Round your answer to two decimal places. The annual growth rate is i %

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 23E
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Find the annual growth rate of the quantity described below.
Round your answer to two decimal places.
The annual growth rate is
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A stock portfolio drops to one-fifth its former value over a 6-year period.
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%.
Recall that exponential growth or decay can be expressed in the form Q = a - b', where is the quantity after time t. Use the
information given to solve for b. Be careful to distinguish between the growth factor and the growth rate.
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Transcribed Image Text:Current Attempt in Progress Your answer is incorrect. Find the annual growth rate of the quantity described below. Round your answer to two decimal places. The annual growth rate is eTextbook and Media A stock portfolio drops to one-fifth its former value over a 6-year period. Hint Save for Later Last saved 1 second ago. Saved work will be auto-submitted on the due date. Auto- submission can take up to 10 minutes. %. Recall that exponential growth or decay can be expressed in the form Q = a - b', where is the quantity after time t. Use the information given to solve for b. Be careful to distinguish between the growth factor and the growth rate. Q Search PRE hp O Assistance Used Attempts: 2 of 3 used 20 myhp Submit Answer
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