Problem:
Question 1) Define the term "compound interest." How does compound interest differ from "simple interest" ?.
Question 2) When corporations release earnings, they often include the prior year's numbers a well as the current year's. Often, the numbers are translated into percentage terms. Therefore, it's helpful for you to know how to calculate percent changes quickly by estimating and rounding.
Question 3) What is the percent increase for revenues which have grown from $150 (million) last year to $200 (million) this year. Show all steps.
Solve the problem and show all work.