Given the following table, determine the missing value. growth factor: 1.08 1.12 3.22 1.51 percent: 8% 12% ? 51% a. 222% b. 322% c. 22% d. 22.1%

Option: a is the correct answer.

                a.  222%

We are given a growth factor as:

Growth factor:  1.08    1.12     3.22    1.51

We know that the rate at which the growth increases is denoted by r and is calculated as:

            1+r=Growth factor

i.e. r=Growth factor-1

for 1.08 the rate is: 0.08

which in percent is written as: 8%

Similarly the rate of 1.12 is:  12%

Hence, the rate of a growth factor of 3.22 is:

1-3.22=2.22

which in percent is: 222%

     Hence, the missing value is:  222%

answer: 7270

step-by-step explanation: