Question #b94b8

1 Answer
May 24, 2017

Percent growth rate (in this period) is 133.33% and average annual growth rate is 2.61% per year.

Explanation:

There are 51 years between 2011 and 1960 (20111960=51)

Percent change can be computed by:

P=100(73)3=133.33% (in 51 years (total duration))

Average annual rate of growth is different however. It is computed by:

A=133.3351

A=2.61% per year.