A growth factor of 1.05 represents what percent change?
Please select an answer first.
Correct answer: A
The correct answer is A 5% increase.
- Identify the exponential or logarithmic structure: Determine the base, exponent, logarithm, growth factor, decay factor, or graph feature involved.
- Apply the relationship: The growth rate is 1.05 - 1 = 0.05, which is a 5% increase.
- Check the result: The correct answer is A 5% increase.
The growth rate is 1.05 - 1 = 0.05, which is a 5% increase.
