How to take out the rate in compounded annually
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To calculate the compound annual growth rate, divide the value of an investment at the end of the period by its value at the beginning of that period, raise the result to an exponent of one divided by the number of years, and subtract one from the subsequent result.
Read more: Compound Annual Growth Rate (CAGR) https://www.investopedia.com/terms/c/cagr.asp#ixzz5Yp6IRjZx
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Read more: Compound Annual Growth Rate (CAGR) https://www.investopedia.com/terms/c/cagr.asp#ixzz5Yp6IRjZx
Follow us: Investopedia on Facebook
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let the rate be x than you can find the answer
mith1234:
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