Use compound growth: 8 × (1.15)^5
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- Convert to percentage: (1.0373 - 1) × 100 ≈ <<0.0373 * 100 = 3.73>>3.73%
- #### 3.73
- A patent attorney is reviewing a biotech patent that claims a gene-editing technique improves crop yield by 15% annually, starting from 8 tons/hectare. What will the yield be after 5 years, assuming compounding?
- Calculate: 1.15⁵ ≈ 2.011357
- Yield = 8 × 2.011357 ≈ <<8 * 2.011357 = 16.090856>>16.09 tons/hectare
- #### 16.09
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