Question

Can someone check my answer : I got B

Answer 1

B is correct.

If you're saying the growth factor is the percentage formed into a decimal.

Answer 2

Awesome!

Answer 3

wait

Answer 4

do you think i shouldnt put it in a decimal form

Answer 5

Hold on, I think I was wrong. 6.5% in decimal form is .065..

Answer 6

I automatically eliminate A and D, and C doesn't make any sense because 6.5 in decimal form is .065, so it must just mean the percentage it increases by annually (6.5)

Answer 7

it couldnt be 6.5 though right @Cblount

Answer 8

@Cblount
how do you think its 6.5

Answer 9

how do you think its 6.5

Answer 10

The growth factor is the annual interest rate, or b.

Answer 11

@iGreen

Answer 12

Could it actually be 6.5 since tits the interest rate