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nika2105 [10]
2 years ago
13

What is the growth factor associated with the following growth rate: 30% decrease

Mathematics
1 answer:
fenix001 [56]2 years ago
5 0

Given:

Growth rate = 30% decrease

To find:

The growth factor associated with the given growth rate.

Solution:

The general exponential function is:

y=a(1+r)^x

y=a(b)^x

Where, a is the initial value, r is the growth rate in decimal and b=1+r is the growth factor.

It is given that the growth rate is 30% decrease. So,

r=-30\%

r=-\dfrac{30}{100}

r=-0.3

Now,

b=1+r

b=1+(-0.3)

b=1-0.3

b=0.7

Therefore, the growth factor is 0.7.

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