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From a yearly growth factor to a monthly one, why can't I just divide by 12?

Hi. I'm working on exponential growth (Mathematics A, havo year 4) and I'm stuck on something that seems simple, but I can't get it straight in my head. The problem: a savings account grows by 6% per year. What is the growth factor per month? What I tried fi...

By Daan Original language: English 1 answer Active 2 months ago
Mathematics at havo level
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Welcome to Your Learning Path, What Would You Like to Learn?

Welcome to the first community discussion on Your Learning Path! Everyone has a different goal, pace and reason for learning. This community is a place where learners, teachers and experts can share knowledge, ask questions and help each other move forward....

By Daan Original language: English 1 answer Active 2 months ago
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