A chain of retail computer stores opened 2 stores in its first year of operation. After 8 years of operation, the chain consisted of 206 stores. If the number of stores opening per year is increasing at an exponential rate, identify the continuous rate of growth. Round k to the nearest hundredth. *

0.66

Step-by-step explanation:

The exponential growth equation is expressed as;

S(t) = S0e^kt

S(t) is the number of stores after t years

S0 is the initial number of stores

If a chain of retail computer stores opened 2 stores in its first year of operation then at t = 1, S(t) = 2. Substitute into the equation;

2 = S0e^k(1)

2 = S0e^k .... 1

Also if after 8 years of operation, the chain consisted of 206 stores, this means at t = 8, S(t) = 206. Substitute into the equation;

206 = S0e^k(1)

206 = S0e^8k .... 2

Next is to calculate the value of k

Divide equation 2 by 1;

Hence the value of k to the nearest hundredth is 0.66

where is the figure

the furthest the dog can be is 508 meters away from the house, and the closest he can be is 492 meters away from the house.