Divided growth in 2012
=[100000120000−1]×100%=20%
Divided growth in 2013
=[120000180000−1]×100%=50%
Divided growth in 2014
=[180000220000−1]×100%=22.2%
Divided growth in 2015
=[220000300000−1]×100%=36.4%
Therefore, Average growth Rate
n=2015−2011=4
=420+50+22.2+36.4=32.15%
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