Question

Last tutor told me divide growth percentage by 100 so I believe it is 104

Answer 1

Answer

Option A is correct.

The growth rate is 1.04

Explanation

Growth rates are usually put down or calculated by adding the rate of increase to 100% and then expressing the result as a decimal.

100% + 4% = 104%

104% = (104/100) = 1.04

Hope this Helps!!!