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#11. GROWTH RATES Sawyer Corporation's 2015 sales were $10 million. Its 2010 sales were $5 million a. At what rate have sales been growing? Round

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GROWTH RATES Sawyer Corporation's 2015 sales were $10 million. Its 2010 sales were $5 million a. At what rate have sales been growing? Round your answer to two decimal places. b. Suppose someone made this statement: "Sales doubled in 5 years. This represents a growth of 100% in 5 years, so, dividing 100% by 5, we find the growth rate to be 20% per year." Is the statement correct? -Select

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