The number of periods needed to reach the total is ?
(19 -
23
5
)
24
5
...
24
5
To solve a growth rate problem with fractions, first determine the amount that the value has grown. Then divide that amount by the growth rate.For example, if the initial value is
1
4
, the final value is 1, and the growth rate is
1
8
:
Subtract the final value from the initial value to determine the amount of growth
