Question15. If an investment is growing continuously for years, its annual growth rate is given by the formula where is the current value and is the amount originally invested.
An investment of in a particular Internet company in 1992 was worth in 1998 . Find this investment's average annual growth rate during this period.
Studdy Solution
Compute the average annual growth rate :
Substitute the value of into the formula:
Calculate :
Convert to a percentage:
The investment's average annual growth rate during this period is approximately:
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