A quantity increases by 7% each month for 11 months.What is the total percentage increase over the 11-month period? Round your answer to two decimal places if necessary.
A) 76.41%
B) 110.86%
C) 110.49%
D) 77%

Question

A quantity increases by 7% each month for 11 months.What is the total percentage increase over the 11-month period? Round your answer to two decimal places if necessary. ​
A) 76.41%
B) 110.86%
C) 110.49%
D) 77%

Quizplus · Accepted Answer

The total percentage increase over the 11-month period is 110.49%. This is calculated by multiplying the monthly percentage increase of 7% by the number of months, which is 11. 110.49% = 7% x 11 = 77.34%

A Quantity Increases by 7% Each Month for 11 Months