Choice A is the correct answer. Extract the rate from the growth factor.

1. Identify Factor: $b = 1.06$.
2. Compare to 1: $1.06 = 1 + 0.06$.
3. Convert: $0.06 = 6\%$.

💡 Strategic Tip: The decimal part after the 1 is your percentage growth.

Choice B is incorrect because 106% growth would mean $b=2.06$. Choice C is incorrect because$b > 1$ implies growth, not decay. Choice D is incorrect because 0.06% would be $b=1.0006$.