Hi,
If I am asked in a case interview to calculate a number of x in a market, after 3 years for example, with there is an annual growth of 5% for example, how can I do to avoid tricky calculations with 1,05^3 ?
Thanks !
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Question merged
This question is read-only because it has been merged with Is there a trick to quickly estimate the average annual growth percentage / to or total compounded growth, without a calculator? i.e. X will grow with 5% for the coming 10 years..
This question is read-only because it has been merged with Is there a trick to quickly estimate the average annual growth percentage / to or total compounded growth, without a calculator? i.e. X will grow with 5% for the coming 10 years..
Case study - Tips for calculating with an annual growth rate
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I would answer it like this:
3 * 5% = 15% + a margin for compounding of approx. 1% so the number will grow by 16%.
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