is a 20% increase every two years going to be arithmetic or geometric?

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08-02-2019
Mathematics

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is a 20% increase every two years going to be arithmetic or geometric?

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akephd akephd · Answer 1 · 2019-02-08T05:38:47+01:00

akephd akephd

08-02-2019

I believe it will be geometric because in arithmetic you add the same amount per interval. But with a 20% increase the value will keep growing based in the previous value.

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