Question: In the line graph, what was the growth rate from Year 1 to Year 2?
Options:
5%
10%
15%
20%
Correct Answer: 15%
Solution:
The growth rate from Year 1 (100) to Year 2 (115) is 15%.
In the line graph, what was the growth rate from Year 1 to Year 2?
Practice Questions
Q1
In the line graph, what was the growth rate from Year 1 to Year 2?
5%
10%
15%
20%
Questions & Step-by-Step Solutions
In the line graph, what was the growth rate from Year 1 to Year 2?
Step 1: Identify the value for Year 1, which is 100.
Step 2: Identify the value for Year 2, which is 115.
Step 3: Calculate the difference between Year 2 and Year 1: 115 - 100 = 15.
Step 4: Divide the difference by the Year 1 value: 15 / 100 = 0.15.
Step 5: Convert the result to a percentage by multiplying by 100: 0.15 * 100 = 15%.
Growth Rate Calculation – The growth rate is calculated by taking the difference between the two values, dividing by the initial value, and multiplying by 100 to get a percentage.
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