f country A grows at 5% per year for 30 years, the percent increase will be...

f country A grows at 5% per year for 30 years, the percent increase will be _______%.

Select one:

A. 330.2

B. 332.2

C. 334.2

D. 336.2

Solutions

Expert Solution

% change over the years =100*(((1+growth rate)^(years)-1)

=100*(((1+0.05)^30)-1)

=332.194238

the % change is 332.2

Option B

Rahul Sunny answered 1 year ago

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