hard · GRE Quant
A chart reports that a company's revenue grew 8% in Year 2 relative to Year 1, and grew a further 8% in Year 3 relative to Year 2. Year 1 revenue was 50 million dollars. Which statement is supported by the numerical values?
- The company's total revenue growth from Year 1 to Year 3 is greater than 16%.
- The company's total revenue growth from Year 1 to Year 3 is exactly 16%.
- The company's total revenue growth from Year 1 to Year 3 is less than 16%.
- Year 3 revenue equals exactly 58 million dollars.
- The 8% growth rate in Year 3 is applied to the same base as the 8% growth rate in Year 2.
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