Table 10-1

-Refer to Table 10-1.Using the table above,what is the approximate average annual growth rate from 2013 to 2016?

Name: Table 10-1 -Refer to Table 10-1.Using the table above,what is the approximate average annual growth rate from 2013 to 2016?
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Question

Table 10-1
 
-Refer to Table 10-1.Using the table above,what is the approximate average annual growth rate from 2013 to 2016?

Quizplus · Accepted Answer

To calculate the average annual growth rate, we can use the formula: [(final value/initial value)^(1/number of years)]-1. Using the numbers from the table, we get [(110/100)^(1/3)]-1, which simplifies to approximately 0.02 or 2%.

Table 10-1 -Refer to Table 10-1.Using the Table Above,what Is the Approximate