Sawyer Corporation's 2018 sales were $11 million. Its 2013 sales were $5.5 million.

A. At what rate have sales been growing? Round your answer to two decimal places._____ %

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?

a. the statement is correct because 100%divided by 5 equals 20%

b. the statement is incorrect because there are 6 years of sales growth between 2013 and 2018

c. the statement is incorrect because a company sales can not double in such a short span

d. the statement is incorrect since the effect of compounding is not considered

e. the statement is correct since the effect is discounting is considered

d