A certain quantity has a yearly growth factor of 1.12. What is its monthly growth factor? (Round your answer to two decimal places.)

Big Ideas Math A Bridge To Success Algebra 1: Student Edition 2015
1st Edition
ISBN:9781680331141
Author:HOUGHTON MIFFLIN HARCOURT
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Chapter6: Exponential Functions And Sequences
Section6.4: Exponential Growth And Decay
Problem 5E
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A certain quantity has a yearly growth factor of 1.12. What is its monthly growth factor? (Round your answer to two decimal places.)

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