Why is the market size after three years is 12.1 shouldn't it not be 13.31
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Hi Mat,
Yes. 12.1m € should the market size after 2 years. This is an error in the solution.
Cheers, Sidi
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Hi,
You appear to be correct.
12.1 is if the growth is compounded after just 2 years, whereas the case asks for the market size after 3 years (i.e. 13.31)
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Thanks Sidi
I think that you should calculate growth from year 2 only, year 1 is 10M, year 2 is 11M, year 3 is 12,1M