Question

The percent increase in profits, for the last five years at Cure Medico are: 5.61%, 7.85%, 11.22%, 19.77% and 23.87%. Find the geometric percent increase.

Answer 1

To find the geometric percent increase, multiply the individual percent increases from each year together.

Step-by-step explanation:

The geometric percent increase can be calculated by multiplying the individual percent increases from each year together.

To find the geometric percent increase, we multiply the percent increases for the last five years:

5.61% * 7.85% * 11.22% * 19.77% * 23.87% = 5.61 * 0.0785 * 0.1122 * 0.1977 * 0.2387 = 0.0001733871581

So, the geometric percent increase is approximately 0.0001733871581, or 0.017%.