Answer:
#3
Step-by-step explanation:
from the formula given, the part "(1.025)" would be the growth factor or rate.
This part has a formula:
(1 + r)
where r is rate
So substituting, we get:
[tex]1.025 = 1 + r\\1.025 - 1 = r\\r = 0.025[/tex]
So, in pecentage, we have to multiply, thus we get:
0.025 * 100 = 2.5%
Answer choice #3
