The function f(t)=180(1.05)^{10t}f(t)=180(1.05) 10t represents the change in a quantity over t decades. What does the constant 1.05 reveal about the rate of change of the quantity?

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yes, gavin is right.

step-by-step explanation:

gavin is correct. 

this problem is about converting 9% per year to how many percent per quarter. the rate is still the same. it only differed in the time period. so, through dimensional analysis,

9% per year  × (1 year / 4 quarters) = 2.25% per quarter

if he was asked to convert 9% per year to how many percent per quarter  compounded quarterly, then you will not simply divide by four. this is because compounding is not linear.

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