Answer:
c. 12.48
Step-by-step explanation:
The earnings per share after t years can be modeled by the following equation:
In which E(0) is the earnings last year and r is the growth rate, as a decimal.
Brockman Corporation's earnings per share were $3.50 last year, and its growth rate during the prior 5 years was 9.2% per year. Growth rate maintained.
This means that
So
If that growth rate were maintained, how many years would it take for Brockman's EPS to triple?
This is t for which E(t) = 3*E(0) = 3*3.50 = 10.50.
So
So the correct answer is:
c. 12.48
Answer:
Your answer would be d.
Step-by-step explanation:
I think it’s D but I’m sure look up different math apps
22% since 100-78 is 22 so that is the percentage of numbers between 78 and 100