SOLUTION
Step 1 :
In this question, we are meant to know the relationship between Growth factor and Growth Rate.
Growth factor is the factor by which a quantity multiplies itself over time.
Growth rate is the addend by which a quantity increases ( or decreases ) over time.
Step 2 :
From the question, if the growth factor is 1.2 which is also 120 %,
then the growth rate will be ( 120 - 100 ) % = 20 % = 0. 2
CONCLUSION:
The Growth Rate = 0. 2