What is the growth factor of the following example? Assume time is measured in the units given. Water usage is increasing by 3%
per year. A. 3 per year c. 1. 03 per year b. 0. 03 per year d. 103 per year.
1 answer:
Answer:
(c) 1.03 per year
Step-by-step explanation:
The relationship between "growth factor" and "growth rate" is ...
growth factor = 1 + growth rate
growth factor = 1 + 3% = 1.03
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