LearningSolvesv1

Compound 10 percent growth for two years

Each period applies growth to the previous result.

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Output
A value of 121 after two years
Input
A starting value of 100 growing by 10 percent each year
Relationship

What connects the input and output?

Multiply by 1.10 for the first year and again for the second year.

Sources

1
  1. www.investor.gov: Compound 10 percent growth for two yearswww.investor.gov

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