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Answer:
Step-by-step explanation:
Well the percent of growth is 6%
The reason is because when we look at a exponential function, if the number in the percent is more than 1 subtract the number from 1 and multiply it by 100 thats your percent
Now to find the company's value in 2009 or 9 years after 2000
we just replace the variable representing time "t" for 9
221(1.06^9)= 373.37484994
the value of the company in 9 years is 373.37484994 (in million dollars)
the percentage of annual growth is 6%
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