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A Quantity Increases by 7% Each Month for 11 Months

Question 16

Multiple Choice

A quantity increases by 7% each month for 11 months.What is the total percentage increase over the 11-month period? Round your answer to two decimal places if necessary. ​


A) 76.41%
B) 110.86%
C) 110.49%
D) 77%

Correct Answer:

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