A population is growing exponentially with a yearly growth factor of 1.24.What is the monthly growth factor? Round your answer to two decimal places.

Question

Quizplus · Accepted Answer

The monthly growth factor can be found by taking the 12th root of the yearly growth factor (1.24) because there are 12 months in a year. This calculation gives us approximately 1.02 when rounded to two decimal places.

A Population Is Growing Exponentially with a Yearly Growth Factor