CPM Homework Help : CCG Problem 8-117

In 2000 a share of Jiffy Stock was worth $$20$ and in 2010 it was worth $$50$ . What was the annual multiplier and the annual percent of increase?

Hint:

Use the exponential function formula: $y = a \cdot b^x$

More Help:

Refer to the Math Notes box in Lesson 7.2.2.
Be sure to note the initial value $(a)$ and the time $(x)$ .