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explqin steps to solve 5-11 GROWTH RATES Sawyer Corporation's 2018 sales were $5 million. Its 2013 sales were $2.5 million a. At what rate have

explqin steps to solve

5-11 GROWTH RATES Sawyer Corporation's 2018 sales were $5 million. Its 2013 sales were $2.5 million a. At what rate have sales been growing? 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

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