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Anonymous A
22 min ago
Global
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Quant test practice

Furniture World saw a growth in sales from 2019 to 2022 from £53M to £76M. Assuming sales increased by the same % year-on-year in this timeframe, what is the CAGR (Compound Annual Growth Rate) from 2019 to 2022?

Give your answer as a percentage, rounded to 2 significant figures. 

Do we use 3 years or 4 years for the value of n in the CAGR equation?

Thanks

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Ankit
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53 sec ago
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3 years - you are measuring the growth across 3 intervals, 2019 to 2020, 2020 to 2021, and 2021 to 2022. That gives you 3 years of compounding

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