Sales grew at an average rate


Problem:

Your mother has been working for a small bookstore for many years. Her sales in the first year were $31,567 and her sales in the last year were $68,244. If the sales grew at an average rate of 2.00 percent per year,

Question: How many years did your mother sell books?

Note: Explain the solution in detail.

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Finance Basics: Sales grew at an average rate
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