Question

If the growth rate is 75%, which of the

following is the correct growth factor

a. 1.75

b. 75

C. 1.075

d. 1.0075

Answer 1

A) 1.75

Explanation:

75% = .75

Growth Factor = 1 + Growth Rate (decimal)

Growth Factor = 1 + .75

Growth Factor = 1.75

I hope this helps!

-TheBusinessMan