If the rate of growth in sales of company for five years is 5%, 7.5%, 2.5%, 5% and 10% respectively, find the compound average rate of growth in sales.

Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter2: Equations, Inequalities, And Problem Solving
Section2.S: Summary
Problem 8S: What interest rate would you need to get to double an investment of 200 in eight years?
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If the rate of growth in sales of company for five years
is 5%, 7.5%, 2.5%, 5% and 10% respectively,
find the compound average rate of growth in sales.
Transcribed Image Text:If the rate of growth in sales of company for five years is 5%, 7.5%, 2.5%, 5% and 10% respectively, find the compound average rate of growth in sales.
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