Volume of wood

Every year, at the same time, an increase in the volume of wood in the forest is measured. The increase is regularly p% compared to the previous year. If in 10 years the volume of wood has increased by 10%, what is the number p?

Correct result:

p =  0.9577 %

Solution:

(1+p/100)10=1+10/100 (1+p/100)10=1.1  p=100⋅ (1.110−1)=0.9577%

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