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Sawyer Corporation's 2020 sales were $5 million Its 2015 sales were $2.5 million. At what rate have sales been growing/Round your answer to 2 decimal

Sawyer Corporation's 2020 sales were $5 million Its 2015 sales were $2.5 million.

At what rate have sales been growing/Round your answer

to 2 decimal places SAlesdoubled in 5 years. This is 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 correct?

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