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If company × was valued at $4.6 billion at the start of 2004, what wa
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22 Mar 2022, 02:00
22 Mar 2022, 02:00
1
Expert Reply
00:00
Question Stats:
28% (00:58) correct
71% (02:10) wrong based on 14 sessions
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If company × was valued at $4.6 billion at the start of 2004, what was it worth at the start of 2006, rounded to the nearest million dollars?
$4,876 million
$4,880 million
$4,922 million
$4,927 million
$4,928 million
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GRE Quantitative Reasoning Daily Challenge - (2022) EDITION
If company × was valued at $4.6 billion at the start of 2004, what wa
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03 Apr 2022, 04:22
03 Apr 2022, 04:22
2
The dots represent the annual growth at the end of each year. Therefore, we should calculate 2004 and 2005 growth percentages.
For 2004, the growth is 3%, so 4.6+4.6(0.03)=4.738
For 2005, the growth is 4%, so 4.738+4.738(0.04)=4.92752 round it to 4.928
E is correct
For 2004, the growth is 3%, so 4.6+4.6(0.03)=4.738
For 2005, the growth is 4%, so 4.738+4.738(0.04)=4.92752 round it to 4.928
E is correct
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