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Total revenue for Apple Computers (in millions) was $42,905 in Year 1, $65,225 in Year 2, and $108,249 in Year 3. The average growth rate of revenue during these three years is the closest to ________. g

Respuesta :

fahadisahadam

Answer: Average growth rate = $72,126 /year

Explanation:

The average growth rate= total revenue / period of time

Average growth rate=($42,905 + $65,225 + $108,249) / 3 years

Average growth rate = $216,379 / 3 years

Average growth rate = $72,126 /year

azikennamdi

The average growth rate of Apple Computers during the three years is closest to 40% per annum.

What is Average Growth Rate?

The average growth rate of an organization is the sum of the growth rate of the number of years in question divided by the number of years.

That is: AVGr = Sum of Growth Rate/Number of year.

In the question given above, the annual growth rate for each year was:

Year 1 = 0%

Year 2 = 52%

Year 3 = 66%

Hence AVGr = (0%+52%+66%)/3 = 39%. Recall that the questions asks for the approximate rate. This therefore, will be 40$.

Please see the attached spreadsheet.

Learn more about Average Growth Rate at:
https://brainly.com/question/11652299

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