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Home > CCG > Chapter 8 > Lesson 8.3.3 > Problem 8-117


In 2000 a share of Jiffy Stock was worth and in 2010 it was worth . What was the annual multiplier and the annual percent of increase?

Use the exponential function formula:

Refer to the Math Notes box in Lesson 7.2.2.
Be sure to note the initial value and the time .