An investment of $200 increases at a rate of 9.5% per year. what is the growth factor, b? i think it's 1.095 due to the keyword "increases" but i just want to make sure.

The future worth (F) of the current investment (P) given the interest (i) is calculated through the equation,
                                         F = P x (1 + i)^n
where n is the number of years or compounding period. The growth factor in the equation is, 1 + i which is equal to 1 + 0.095 or 1.095.