eBook awyer Corporation's 2018 sales were $11 million. Its 2013 sales were $5.5 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 B eBook Find the interest rates earned on each of the following. Round your answers to the nearest whole number. a. You borrow $650 and promise to pay back $767 at the end of 1 year. % b. You lend $650 and the borrower promises to pay you $767 at the end of 1 year. % c. You borrow $88,000 and promise to pay back $483,333 at the end of 13 years. % d. You borrow $12,000 and promise to make payments of $2,771.70 at the end of each year for 5 years. %