What is the annual growth rate percentage Q2038tSolutionannu

What is the annual growth rate percentage?

Q=20.38t

Solution

annual growth rate percentage

Q=2^0.38t

Q=(2^0.38)^t

Q=(1.30134)^t

growth rate =1.30134-1

growth rate =0.30134

growth rate =30.134%

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if its  Q=2*0.38^t

growth rate =0.38-1=-0.62

growth rate =-62%

negative sign indicates it is decay