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The sales tax in the city of taxemalot is 8.1%. what is the growth factor for any item purchased at your local tarmart?

User Macky
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2 Answers

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The answer would be 1.081% because you are 100 and .081% over the original amount hope that makes sense 
User Jason Kincl
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Answer: 1.081

Explanation:

We know that for any rate of growth, the growth factor is given by :-


\text{Growth factor = 1+growth rate}

The given growth rate of sales tax = 8.1%=0.081

Then, the growth factor for any item purchased at your local tarmart is given by :-


\text{Growth factor =1+0.081=1.081}

Hence, the growth factor for any item purchased at your local tarmart = 1.081

User Chaoskreator
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