Puzzle: Monthly Growth Rate If Performance Doubles Every Two Years
If performance doubles every two years, by what percentage does performance go up every month? :-)
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4.2% ?
ReplyDeleteIsn't performance measure with a power or two? Or Isn't it a exponential curve?
ReplyDelete2.93 % ?
ReplyDelete(1+2.93/100)^24 = 2
(100/24) = 4.1% increase every month
ReplyDelete2.93 % is correct
ReplyDelete