Name: How Do You Find the Final Amount Using a Growth Factor for an Increase?
Uploaded: 2023-03-01T08:13:10.573Z
Channel: House of Math
Description: You can find a final amount using a growth factor for an increase by multiplying the initial amount by the growth factor. Check out this video to learn more.

You can find a final amount using a growth factor for an increase by multiplying the initial amount by the growth factor. Check out this video to learn more.

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.

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

The starting amount, before a percentage increase or decrease

The amount after you have included the percentage increase or decrease. It is given by the formula: