Problem 92 of 7
Find the cumulative percent change for multiplier 1.2 over 2 periods.
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compute cumulative multiplier and convert to percent.
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Multiplier must be positive and periods must be a positive integer.
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Your answer is equivalent to the expected form.
Walkthrough
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1. Raise the single-period multiplier to the number of periods.
2. Compare the cumulative multiplier to 1.
3. Convert the difference from 1 to percent increase or decrease.
Use the worked steps, then substitute the final answer back into the original relationship to confirm it satisfies the prompt.
Multiplying the single-period percent by periods as exact exponential change.