LogFAQs > #934004114

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TopicAnyone that is good with economics or math, can you help me out?
Zano
02/06/20 6:39:33 AM
#7:


1) I think this question is written in the most confusing way possible.

2) that exponent of 1/2 on the y is the same as saying the square root of y

3) I believe the problem should be done like below

1.03/sqrt(1.04) = 1.00999 1.01

1.01 is the result if you round the answer, which is the same as 1% growth so the answer is b

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