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    Explorations in College Algebra
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    Exam 5: Growth and Decay: An Introduction to Exponential Functions
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    The Price of a New Car Increases by 21% Every
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The Price of a New Car Increases by 21% Every

Question 38

Question 38

Short Answer

The price of a new car increases by 21% every 5 years. What is the annual percent increase? Round to the nearest hundredth of a percent.

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