SOLUTION: For an annual rate of change -31% find the corresponding growth or decay factor

Question 953493: For an annual rate of change -31% find the corresponding growth or decay factor
Answer by jim_thompson5910(35256) (Show Source): You can put this solution on YOUR website!
"an annual rate of change -31%" ----> r = -0.31

1 + r = 1 + (-0.31) = 0.69 is the decay factor.
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