What continuous percent decay rate is equivalent

What continuous percent decay rate is equivalent to an annual percent decay rate of 16%.

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What continuous percent decay rate is equivalent to an annual percent decay rate of 16%.
Try using what you learned back in algebra:

What is the formula for "continuous" growth or decay?

What is the formula for compounded (such as annual) growth or decay?

If there is annual decay of sixteen percent on, say, an initial value of "100", what is the ending value?

If you use these starting and ending values in the "continous" formula, what do you get as the decay rate?

If you get stuck in the above, please reply showing all of your thoughts and efforts so far. Thank you! ;)
 
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