Question 67

Read the following table and answer question that follow:

Screenshot_52


What is the compounded annual growth rate of sales revenue of Brand Boss over the years from 2014 to 2016?

Solution

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Assuming  CAGR = r, 

2420 = 2000(1+r/100)$$^2$$

(1+r/100)$$^2$$ = 1.21

=> 1+r/100 = 1.1

=> r/100 = 0.1

=> r=10

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