Math Problem Statement

if the 100th most valuable company continued to grow at the same rate it averaged between 2014 and 2022, in which year would it be worth more than 110 billion dollars? 2023, 2024, 2025,2026 or 2027

Solution

Ask a new question for Free

By Image

Drop file here or Click Here to upload

Math Problem Analysis

Mathematical Concepts

Compound Growth
Exponential Growth

Formulas

Compound Annual Growth Rate (CAGR) formula: CAGR = (End Value / Start Value)^(1 / Number of Years) - 1
Future Value formula: Future Value = Current Value × (1 + CAGR)^n

Theorems

Exponential Growth Formula

Suitable Grade Level

Grades 10-12