According to statista.com, there were 50 million Instagram Monthly Active Users (MAU) in 2012. In 2018 there were 1 billion (1,000 million) Instagram MAU. Find the yearly growth factor of Instagram MAU from 2012 to 2018. Round base to the nearest thousandth. (hint the number of years)

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Asked Oct 2, 2019
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According to statista.com, there were 50 million Instagram Monthly Active Users (MAU) in 2012. In 2018 there were 1 billion (1,000 million) Instagram MAU. Find the yearly growth factor of Instagram MAU from 2012 to 2018. Round base to the nearest thousandth. (hint the number of years)

 

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Expert Answer

Step 1

Given that

 there were

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50 x10 Instagram Monthly Active Users (MAU) in 2012 And 1000x 10 Instagram Monthly Active Users (MAU) in 2018 Time period is 6 years So, Beginning value= 50 x106 Ending value 1000 x 106 N=6

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Step 2

To calculate growth factor (G.F)

We know

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(beginning value (G.F" (ending value) Where n is no of years

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Step 3

So growth factor can be c...

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(ending value) (GF(beginning value) (ending value) (GF)beginning value) ...i)

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