The value of the campsite has increased exponentially by $$\(1.5 \%\)$$ every year since it opened 30 years ago. Calculate the value of the campsite now as a percentage of its value 30 years ago. ......................................... $$\(\%\)$$
Exam No:0580_s20_qp_43 Year:2020 Question No:1(e)
Answer:
156 or \(156.3 \ldots\)
Knowledge points:
E1.17 Use exponential growth and decay in relation to population and finance. (e.g. depreciation, growth of bacteria.)
Solution:
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