calculation question - How many years before X number of sales

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Case Calculations

Recent activity on Dec 07, 2017

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Anonymous A asked on Dec 07, 2017

Hi,

I would like to know how to answer the following question, without having to calculate the incremental increase year after year (and without calculator) :

If A has $6000 of sales today, how many years will it take B to get there, if he has $3000 sales today, with 5% of growth each year ?

Thanks

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Answer 1

Best answer

Anonymous replied on Dec 07, 2017

You may apply the Rule 72. You divide 72 by the rate and get the number of years to double the initial number:

https://www.investopedia.com/ask/answers/04/040104.asp

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calculation question - How many years before X number of sales

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