Question

Synovec Corp is growing quickly at a rate of 4.5 percent. What is the growth rate of Synovec Corp?

1) 2.5 percent
2) 3.5 percent
3) 4.5 percent
4) 5.5 percent

Answer 1

The growth rate of Synovec Corp is 4.5 percent.

Step-by-step explanation:

The growth rate of Synovec Corp is 4.5 percent. This means that the company is growing by 4.5 percent each year. To find the growth rate, you simply take the percentage increase or decrease over a period of time. In this case, since Synovec Corp is growing at a rate of 4.5 percent, the growth rate is 4.5 percent.