Solved

David Electronics Had a Profit of $10 Million in 1998

Question 62

Short Answer

David Electronics had a profit of $10 million in 1998. Profit doubled from 1998 to 1999 and profit increased eight fold from 1999 to 2000. The annual geometric mean rate of growth from 1998 to 2000 was__________ .

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions