Fillkart, an online shopping Web site, needs to share data for purchase orders, invoices, and payments along with information ab
1 answer:
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Answer:
growth rate is 0.9%
Explanation:
given data
time = 10 year
present value = $4.50
future value = $4.92
to find out
growth rate
solution
we will apply here future value formula that is
future value = present value × ......1
here r is growth rate and t is time
put here value in equation 1
future value = present value ×
4.92 = 4.50 ×
= 1.009
r = 1.009 -1
r = 0.9 %
so growth rate is 0.9%