Describe how to find the multiplier for an exponential growth rate of 15%.

To find the multiplier for an exponential growth rate of 15%, you can follow these steps:

Step 1: Convert the percentage to decimal form. Divide the percentage value by 100. In this case, 15% can be converted to 0.15.

Step 2: Add 1 to the decimal value. This adjusts for the initial amount. In this case, 0.15 + 1 = 1.15.

Step 3: The resulting value is the multiplier. So, in this case, the multiplier for the exponential growth rate of 15% is 1.15.

To find the multiplier for an exponential growth rate of 15%, you can use the formula (1 + growth rate/100). Here's how to calculate it step by step:

1. Convert the percentage growth rate to a decimal by dividing it by 100. In this case, divide 15 by 100 to get 0.15.

2. Add 1 to the decimal growth rate. In this case, add 1 to 0.15, which gives you 1.15.

The resulting number, 1.15, is the multiplier for the exponential growth rate of 15%. This means that every time the growth rate is applied, the value will increase by 1.15 times. For example, if you have an initial value of 100 and you apply the growth rate three times, you would multiply 100 by 1.15 three times:

100 * 1.15 * 1.15 * 1.15 = 149.0575

So, after three iterations of applying the 15% growth rate, the value would be approximately 149.0575.

Describe how to find the multiplier for an exponential growth rate of 15%.