48-49. Harper Manufacturing has realized the following annual sales dollar amounts: 2020: $12,500,000 2021: $16,000,000 2022: $18,000,000 Calculate the arithmetic ayerage annual growth rate in sales dollars that Harper Manufacturing realized during the 2020 through 2022 time-frame
48-49. Harper Manufacturing has realized the following annual sales dollar amounts: 2020: $12,500,000 2021: $16,000,000 2022: $18,000,000 Calculate the arithmetic ayerage annual growth rate in sales dollars that Harper Manufacturing realized during the 2020 through 2022 time-frame
Chapter1: Making Economics Decisions
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Transcribed Image Text:48.-49. Harper Manufacturing has realized the following annual sales dollar amounts:
2020:
$12,500,000
2021:
$16,000,000
2022:
$18,000,000
Calculate the arithmetic average annual growth rate in sales dollars that Harper Manufacturing realized
during the 2020 through 2022 time-frame.
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