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23-05-2016
Mathematics

Answered

An investment grows by 22% over a 5 year period. What is its effective annual percent growth rate

Verified Answer :

BrainGirl12 BrainGirl12

23-05-2016

Since annual means per year, then you need to divide 22 by 5.

5 / 22 = 4.4

Now lets check our work.

4.4 x 5 = 22

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