A population is growing exponentially with a weekly growth factor of 1.03.What is the yearly growth factor? Round your answer to two decimal places.

Name: A population is growing exponentially with a weekly growth factor of 1.03.What is the yearly growth factor? Round your answer to two decimal places.
Brand: Quizplus
Rating: 4.9 (62 reviews)

Question

A population is growing exponentially with a weekly growth factor of 1.03.What is the yearly growth factor? Round your answer to two decimal places. ​

Quizplus · Accepted Answer

The yearly growth factor can be calculated by raising the weekly growth factor to the power of the number of weeks in a year (52). So, $1.03^{52} \approx 4.65$.

A Population Is Growing Exponentially with a Weekly Growth Factor