Name: What Is a Growth Factor?
Uploaded: 2023-02-28T08:25:29.992Z
Channel: House of Math
Description: A growth factor tells you how much an amount changes over time. Watch this video to understand the concept better through visualizations and examples.

A growth factor tells you how much an amount changes over time. Watch this video to understand the concept better through visualizations and examples.

A growth factor helps you calculate a final amount after a percentage has been added or subtracted. It is given by the formula:

 is the decimal representation of the percentage that is being added or subtracted.

A decay factor helps you calculate a final amount after a percentage has been subtracted. It is given by the formula:

 is the decimal representation of the percentage that is being subtracted.

Indicates the percentage increase or decrease between the initial and final amounts. Also known as growth rate.

Calculating a product backwards. For example 6 can be factorized as 2 times 3.

Mathagon

Growth Factor

Growth Factor for an Increase

Decay Factor

Decay Factor for a Decrease

Growth Factor Equal to 1

Finding the Initial Amount 

Finding a Percentage Increase

Finding a Percentage Decrease

Increasing by the Same Percentage Multiple Times

Decreasing by the Same Percentage Multiple Times

Growth Factors

A growth factor tells you how much an amount changes over time. Watch this video to understand the concept better through visualizations and examples. 