How do you calculate compound growth without a calulator? Question below:
Innovation Capital is 13.8 million and Human Capital 3.3 million
If total Innovation Capital in Exhibit 1 were to grow by 5% per year in the future, which of the following would be the MINIMUM required annual growth in Human Capital that would see it represent more than half of total Innovation Capital in 10 years? A. 10% B. 15% C. 20% D. 25%