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8. Problem 5.1 1 Click here to read the eBook: Finding the Interest Rate, I GROWTH RATES Sawyer Corporations 2015 sales were $12 million. Its 2010 sales were $6 million. a. At what rate have sales been growing? Round your answer to two decimal places. b. Suppose someone made this statement: Sales doubled in 5 years. This represents a growth of 100% n 5 years, so, d viding 100% by 5, we find the growth rate to be 20% per year. Is the statement correct?

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