Answer:
When given a percentage of growth or decay, determined the growth/decay factor by adding or subtracting the percent, as a decimal, from 1. In general if r represents the growth or decay factor as a decimal then: b = 1 - r Decay Factor. b = 1 + r Growth Factor. A decay of 20% is a decay factor of 1 - 0.20 = 0.
Step-by-step explanation:
The growth factor is 1.24, and the decay factor is 0.76 for the 24% growth add one as a decimal and for decay subtract one as a decimal.
It is defined as the factor that represents the increase and decreases in value by that factor. For the growth add one as a decimal and for the decay subtract one as a decimal.
For the growth factor:
F(g) = 1+r
Here r = 24% = 0.24
F(g) = 1+0.24 = 1.24
For the decay factor:
F(d) = 1-r
Here r = 24% = 0.24
F(d) = 1-0.24 = 0.76
Thus, the growth factor is 1.24, and the decay factor is 0.76 for the 24% growth add one as a decimal and for decay subtract one as a decimal.
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