The Constant Growth Rate of plant is a 1.6 cm per day.
According to the statement
We have to find that the constant rate at which the plants grow.
So, For this purpose, we know that the
Constant rate (g) is employed to seek out present value of stock within the share which depends on current dividend, expected growth and required return rate of interest by investors.
From the given information:
The grass in jamie's yard grew 16 centimeters in 10 days.
Then
Proportion states that two ratios or fractions are equal
The grass in Jamie yard grew 16 centimeters in 10 days. it growing at a relentless rate.
The constant rate = 16/10
The constant rate = 1.6 cm
So, The Constant Growth Rate of plant is a 1.6 cm per day.
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