Asked by adiba
If the sales of a new business were $65000 in its first year and $130000 in its fourth year ,find the rate of growth in sales per year......answer is $2166667
Answers
Answered by
MathMate
The question is not clear when out of context.
Are you working with arithmetic or geometric progression?
"rate of growth" could be an amount (arithmetic) or a ratio (geometric).
Your answer is (almost) correct for linear growth (arithmetic). You only have to put the decimal point to get
$21666.67.
Are you working with arithmetic or geometric progression?
"rate of growth" could be an amount (arithmetic) or a ratio (geometric).
Your answer is (almost) correct for linear growth (arithmetic). You only have to put the decimal point to get
$21666.67.
There are no AI answers yet. The ability to request AI answers is coming soon!