Name: How Do You Find a Final Amount When the Initial Amount Is Increased by the Same Percentage Multiple Times?
Uploaded: 2023-03-01T08:13:10.573Z
Channel: House of Math
Description: Growth factor formulas really show their power when an exponent is added, representing periods of time. This video explains how to simplify your calculations.

Growth factor formulas really show their power when an exponent is added, representing periods of time. This video explains how to simplify your calculations.

Increasing by the Same Percentage Multiple Times

Growth factor formulas really show their power when an exponent is added, representing periods of time. This video explains how to simplify your calculations. 

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:

The part of a power showing how many times the base is multiplied by itself

A measure of time. For example: years, months, hours, minutes or seconds.