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eBook Sawyer Corporation's 2020 sales were $7 million. Its 2015 sales were $3.5 million. a. At what rate have sales been growing? Round your answer

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eBook Sawyer Corporation's 2020 sales were $7 million. Its 2015 sales were $3.5 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- Grade it Now Save & Continue Continue without saving

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