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19. Theodore purchased a vintage painting from an art dealer worth $480. The dealer noted that the value of the painting will increase by 12 percent per year. What is the growth factor of the
painting?
All changes
12
480
0.12
1.12

Respuesta :

0.12 is the answer.

The growth factor of the painting is 0.12

What is percent?

"It is a ratio that can be expressed as a fraction of 100."

For given question,

The value of the painting will increase by 12 percent per year.

The 12% in decimal form,

[tex]=12\times \frac{1}{100}\\\\ =0.12[/tex]

So the growth factor of the painting is 0.12

Learn more about percentage here:

https://brainly.com/question/22111589

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