What was the annual growth rate

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Question: 1. If the number of a protected species of animal in a reserve increased continually from 600 in 1992 to 1,450 in 2002, what was the annual growth rate?

2. Over a 12-month period what continuous growth rate is equivalent to a discrete growth rate of 6%?

3. What discrete annual growth rate is equivalent to a continuous growth rate of 6% persisting over 12 months?

4. What interest rate would you prefer to be used to add interest to your savings: 8% applied on a continuous basis or 9% applied once a year?

Reference no: EM131482477

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