College Algebra help pleasee?
According to the U.S. Bureau of the Census workers’ compensation payments in Florida rose from $362 million in 1980 to $1.976 billion in 1990. Find the average annual rate of change in payments.
Average annual rate of change in payments = $?
THanks.
10 years elapsed
(1+x)^10 = 1976/362
10 log (1+x) = log(1976) – log(362)
i think i know how to do this but i really dont im sorry
((1976 – 362)*10^6)/10 = $161.4million/year
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around 161.4 million per year.
Why do you want to know this…and what difference does it make…?