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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 %

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 %

Algebra and Trigonometry (6th Edition)
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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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
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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