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1. Calculate the growth rate between 2010 and 2014 for a company with the following revenue. Year Revenue 2010 735 2011 985 2012 1152 2013 1347 2014 1658 2015 1895
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5 votes
1. Calculate the growth rate between 2010 and 2014 for a company with the following revenue. Year Revenue 2010 735 2011 985 2012 1152 2013 1347 2014 1658 2015 1895

User Thaddeus
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1 Answer

5 votes

Answer: 230.75 (units/ year)

Step-by-step explanation:

To compute the growth rate between 2010 and 2014, we use the following formula :

Growth rate = [(Revenue in 2014) -(Revenue in 2010)]÷ [Difference between 2010 and 2014]

From the table, Revenue in 2010 = 735

Revenue in 2014= 1658

Then, Growth rate = (1658 -735)÷ (2014-2010)

= 923÷ 4

= 230.75

Hence, the growth rate between 2010 and 2014 = 230.75 (units/ year)

User Tomcheney
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