Question: In the line graph, what was the growth rate from Year 1 to Year 3?
Options:
10%
20%
30%
40%
Correct Answer: 40%
Solution:
The growth from Year 1 (100) to Year 3 (140) is 40%.
In the line graph, what was the growth rate from Year 1 to Year 3?
Practice Questions
Q1
In the line graph, what was the growth rate from Year 1 to Year 3?
10%
20%
30%
40%
Questions & Step-by-Step Solutions
In the line graph, what was the growth rate from Year 1 to Year 3?
Step 1: Identify the value for Year 1 from the graph. In this case, it is 100.
Step 2: Identify the value for Year 3 from the graph. In this case, it is 140.
Step 3: Calculate the difference between Year 3 and Year 1. This is 140 - 100 = 40.
Step 4: To find the growth rate, divide the difference (40) by the Year 1 value (100). This is 40 / 100 = 0.4.
Step 5: Convert the decimal to a percentage by multiplying by 100. This is 0.4 * 100 = 40%.
Growth Rate Calculation – The growth rate is calculated by taking the difference between the final and initial values, dividing by the initial value, and then multiplying by 100 to get a percentage.
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