Asked by Bob
On Apr 01, 201 6 the price of 1 Bitcoin (an internet currency) was about $448 usd. On Apr 01, 2021 the price of 1 Bitcoin was about $59 000 usd. What was the average annual growth rate for Bitcoin during this time span?
Answers
Answered by
R_scott
448 (1 + r)^5 = 59000
taking logarithm ... 5 * log(1 + r) = log(59000 / 448)
taking logarithm ... 5 * log(1 + r) = log(59000 / 448)
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