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Homework answers / question archive / Ten years ago, Malik's annual salary was OMR 66
Ten years ago, Malik's annual salary was OMR 66.885. Today, he earns OMR 83,629. What has been the average annual percentage rate of growth of Malik's salary? Select one: O a. 2.45% O b. 2.51% O c2.05% d. 2.26% O e. 2.21%
Option d: 2.26%
Average Annual Percentage rate of growth = (83,629 / 66, 885)1/10 – 1
= 2.26 %
