Question

[True/False] An annual rate of change is -10%. The corresponding growth or decay factor is 0.10.

Answer 1

To find a grow or decay factor you use the (1 + rate of change) part of the (t) = (initial value)*(1 + rate of change)^t equation

Answer 2

The percentage you were given is -10% which would be -.10

Answer 3

So what is (1-.10)?

Answer 4

.9

Answer 5

Right! So the decay factor is (.9) not (.10) so the answer is False

Answer 6

@LeftFielding Thanks soo much :)

Answer 7

No problem! Glad I could help :)