Question

For the annual rate of change of +70%, find the corresponding growth or decay factor.

0.70
1.70
170
70

For the annual rate of change of -75%, find the corresponding growth or decay factor.

-75
1.25
-0.75
0.25

I'm confused, please help? How can I solve this? Thanks

Answer 1

the factor is
... [1 + (% change)]^(years)

1 + .70

1 - .75

Answer 2

First problem is 1.70

Answer 3

1.70

Answer 4

1. B) 1.70
2. D) 0.25
3. C) Exponential growth; 129
4. D) Rick: $1,480.24; Sally: $1,500.00
5. D) y = 120,000 (1.012)^x; 143,512
6. C) y = 1,860,000 (0.985)^x; 1,551,485
7. B) $2,249.73
8. C) $4,051.63
9. D) 6 years
10. C) 11 years

Answer 5

100%