The value of a stock increases by 8% each year. 1. Explain why the stock value does not increase by 80% each decade. 2. Does the value increase by more or less than 80% each decade?

Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter7: Applying Fractions
Section7.6: Percents Problems
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The value of a stock increases by 8% each year.
1. Explain why the stock value does not increase by 80% each decade.
2. Does the value increase by more or less than 80% each decade?
Transcribed Image Text:The value of a stock increases by 8% each year. 1. Explain why the stock value does not increase by 80% each decade. 2. Does the value increase by more or less than 80% each decade?
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