Question

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

Answer 1

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

Answer 2

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