Question
n October 2017 a pound of apples cost $1.43, while oranges cost $1.07. Two years earlier the price of apples was only $1.22 a pound
n October 2017 a pound of apples cost $1.43, while oranges cost $1.07. Two years earlier the price of apples was only $1.22 a pound and that of oranges was $0.93 a pound.
What was the annual compound rate of growth in the price of apples?
What was the annual compound rate of growth in the price of oranges?
If the same rates of growth persist in the future, what will be the price of apples in 2030?
If the same rates of growth persist in the future, what will be the price of oranges in 2030?
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The Almanack Of Stanley Druckenmiller From Over 40 Years Of Investing Wisdom With Quantum Fund And Duquesne Capital Management
Authors: Rui Zhi Dong
1st Edition
B0B3NV2H9M, 979-8850611453
