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20-12-2022
Mathematics

Answered

Advertisers want to create "awareness," which is whether a consumer even knows about a business. If your business starts with 3% awareness and grows awareness by 5% per week (compounded), how long will it take to reach 75% awareness? The formula for compound growth is E = B x (1 + R)T, where E is ending value, B is beginning value, R is rate of growth, and T is the amount of time.

Can someone give a detailed explanation step by step as well? Thank you!

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