Join the conversation on IDNLearn.com and get the answers you seek from experts. Discover reliable and timely information on any topic from our network of experienced professionals.

What is the growth factor of the following example? Assume time is measured in the units given. Water usage is increasing by 3% per year. A. 3 per year c. 1. 03 per year b. 0. 03 per year d. 103 per year.

Sagot :

Answer:

  (c)  1.03 per year

Step-by-step explanation:

The relationship between "growth factor" and "growth rate" is ...

  growth factor = 1 + growth rate

  growth factor = 1 + 3% = 1.03