P = 500 billion, A = 2700 billion, t = 23 years
Related Articles
- A ≈ 120 × 1.139 = <<120*1.139=136.68>>136.68
- #### 136.68
- A science journalist graphs the rise in global research funding: from $500 billion in 2000 to $2.7 trillion in 2023. What is the geometric mean annual growth rate over this period?
- A = P(1 + r)^23 → 2700 = 500(1 + r)^23
- 1 + r = 5.4^(1/23) ≈ 5.4^0.04348 ≈ 1.0687
- r ≈ 0.0687 = <<0.0687*100=6.87>>6.87%
Trending Articles
Is Candy Land Original the Toughest Board Game Ever?
You’ve Played Uno, But This Twist is Next Level
Decks in the Ring" Explained: The Crossword Secret Everyone's Finally Figuring Out
This Crossword Puzzle Has Players Screaming: What is "Decks in the Ring"?
How the West Russian Revolutionary Front Turns the Tide of Battle
Is This the Ultimate Wavelength Online Challenge You Can Play for Free?
Civ 6 Graphics Mods That Will Blow Your Mind
The Viral Wavelength Online Puzzle Everyone is Talking About
Decks in the Ring" Crossword Solution Revealed: The Answer Is Finally Here
Play Wavelength Online Now and Test Your Reaction Speed