14.87%. % 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 the statement correct? -Select- -Select- The statement is correct because 100% divided by 5 equals 20%. The statement is incorrect because there are 6 years of sales growth between 2015 and 2020. The statement is incorrect because a company's sales cannot double in such a short time span. Save & Continue The statement is incorrect since the effect of compounding is not considered. The statement is correct since the effect of discounting is considered. Continue without saving