Question
Growth rates Shalit Corporation's 2011 sales were $5 million. Its 2006 sales were $2.5 million. At what rate have sales been growing? Round your answer
Growth rates
Shalit Corporation's 2011 sales were $5 million. Its 2006 sales were $2.5 million.
At what rate have sales been growing? Round your answer to two decimal places.
%
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 that statement correct?
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Finance Your Business Secure Funding To Start Run And Grow Your Business
Authors: The Staff Of Entrepreneur Media
1st Edition
1599185970, 978-1599185972
