3 years ago

An investment grows by 22% over a 5 year period. What is its effective annual percent growth rate

Mathematics

1 answer:

iren2701 [21]3 years ago

3 0

Since annual means per year, then you need to divide 22 by 5.

5 / 22 = 4.4

Now lets check our work.

4.4 x 5 = 22

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