Question

What is the growth factor that corresponds to a product that increases its value first by 2%, and then increases by 5% of

its value, and finally increases by 12% of its value? Round to the tenths place.
a. 1.20
C. 1.19
b. 3.19
d. 1

Answer 1

1.19

Explanation:

1+0.02+0.05+0.12 = 1.19