Question

An investment of $450 increases at a rate of 6.5% per year. What is the growth factor, b?

Answer 1

1.think about it... if 75 out of 100 or 75/100 or 75% is in proportion than...

75/100 can be = 0.75 so if you convert that to the growth factorthen 6.5/100... does that help?

Answer 2

example: if you have 10% of 100 it would be 0.10 so in this case. 6.5% is 0.65 if this makes any sense. so 0.65 is your answer