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An investment grows by 20% over a 20 year period. What is its effective annual percent growth rate?

An investment grows by 20% over a 20 year period. What is its effective annual percent growth rate?
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5 votes
An investment grows by 20% over a 20 year period. What is its effective annual percent growth rate?

User Snakecharmerb
by
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2 Answers

4 votes
i think the answer would be 1%
hope this helps:)
User DropsOfJupiter
by
8.1k points
6 votes
the growth rate is 1% because 20 divided by 20 is 1%. Your Welcome!!
User Michael Garber
by
8.8k points
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