Question
Growth Rates: Shalit Corporation's 2013 sales were $12 million. Its 2008 sales were $6 million. a) At what rate have sales been growing? b) Suppose
Growth Rates: Shalit Corporation's 2013 sales were $12 million. Its 2008 sales were $6 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 this statement true?
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The Economics Of Money Banking And Finance
Authors: Peter Howells, Keith Bain
2nd Edition
0273651080, 978-0273651086
