Question

A website's views were increasing exponentially at a rate of 11% per week.

What is the annual growth rate?
Enter your answer , rounded to the nearest tenth of a percent.

Answer 1

Given that a website's views were increasing exponentially at a rate of 11% per week.

There are 52 weeks in a year.

The annual growth rate is given by


`Annual\ growth\ rate=(1+0.11)^(52)-1 \\ \\ =(1.11)^(52)-1=227.4023-1=226.4023 \\ \\ \approx22640.2\%`