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Sawyer Corporations 2015 sales were $5 million. Its 2010 sales were $2.5 million. a.At what rate have sales been growing? b.Suppose someone made this statement,

Sawyer Corporations 2015 sales were $5 million. Its 2010 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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