Question: oshatid=21854616 ent: Chapter 5 Assignment Problem 5.11 Save Submit Assignment for Check My Works remainin Click here to read the eBook: Finding the Interest Rate,

oshatid=21854616 ent: Chapter 5 Assignment Problem 5.11 Save Submit Assignment for Check My Works remainin Click here to read the eBook: Finding the Interest Rate, 1 GROWTH RATES Sawyer Corporation's 2015 sales were $15 million. Its 2010 sales were $7.5 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 gr rate to be 20% per year." Is the statement correct? -Select- The statement is correct butause 100% divided by 5 equals 20% The statement is incorrect because there are 6 years of sales growth between 2005 and 2010 The statement is incorrect because a company's sales cannot double in such a short time span The statement is incorrect since the effect of compounding is not considered The statement is correct since the effect of discounting is considered Check My Work's Two-Way Anova....sps show.pdf

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