Money grows at a steady exponential rate, where the growth is $x$ times the previous day's growth. on 30 June it was \$10 and ten days later it was \$700. what is the percentage growth rate?
I am assuming it is $70=e^r.$ Is that right?
2026-04-07 08:45:00.1775551500
exponential calculate percentage growth rate
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Your answer is incorrect. Let the increase be $R\%$ per day. Using Geometric Progression formulae, we get: $$700=10\Biggr(1+\frac R{100}\Biggr)^{10}$$ $$R=52.936027\%$$