What is the growth factor of the following example? assume time is measured in the units given. water usage is increasing by 3% per year.

Growth factor is 1.03 per year.

Correct option is C option.

Step-by-step explanation:

Given that water usage is increasing by 3% per year.

Time is measured in the years as given.

We need to find the growth factor for 3% increase per year.

We know a percent can be written decimal form by dividing by 100.

Therefore, 3% could be written as 3/100 = 0.03.

But the water usage would be increase by the factor of 1+0.03 that is 1.03.