Question

What percentage of growth is needed annually to reach 400,000 in 3 years if today I have 200,000

Answer 1

approx 26%

Explanation:

you try find the multiplier

200000 * 1. ???? ^3= 400000

rearrange equation

`\sqrt[3]{(400000)/(200000) }` = multiplier

1.25992105

subract one

0.25992105

multiply by 100 to get percentage

25.9%

rounded to whole number = 26%