Let Qi,t, represent the results of a firm in quarter i of year t. Similarly, let Qi,t+1 represent the results in quarter i of year t + 1. For example, Q2,t represents the results in quarter 2 from year t. Which of the following formulas calculates correctly the interannual growth rate of the fourth quarter in t + 1.

ANSWER ONLY, NO EXPLANATION REQUIRED

(Q4,t+1- Q4,t)/Q4,t+1 x 100

(Q4,t+1-Q3,t+1)/ Q3,t+1 x100

(Q4,t+1-Q3,t+1)/Q3,t+1 x 400

(Q4,t+1-Q4,t)/Q4,t x 100