Question

What is constant percentage?

Answer 1

Constant percentage may be translated to a growth factor.

Answer 2

Say something grows with a constant percentage of 10% every period, we may say that the growth factor

g

=

1.10

This means that after

t

periods, the something has grown to

g

t

=

1.10

t

its original value (as in compounded interest).

If something dimished with a a constant percentage of say 10% every period, this means that the growth factor is

0.90

, and after

t

periods only

0.90

t

of it is left.

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