



 
Joe, I agree with your solution to question 1. I was not familiar with the term "percent growth" so I did some searching on the web. I found a number of sites that use percent increase and percent growth as the same concept. I did find a page on the Free by 50 blogspot that that has a definition of percentage growth that I like. Your daughter needs to check with her teacher or textbook to ensure that this is the correct concept. In this blogspot's page titled How to calculate annual percentage growth they define Compound Annual Growth Rate (CAGR) by
For your example this would be
Again I need to emphasize that this might be the correct definition. Your daughter needs to check with her teacher or the textbook. Harley  


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