What is constant percentage?
1 Answer
Jul 3, 2018
Constant percentage may be translated to a growth factor.
Explanation:
Say something grows with a constant percentage of 10% every period, we may say that the growth factor
This means that after
If something dimished with a a constant percentage of say 10% every period, this means that the growth factor is
You can rework these results to total percentage by multiplying by