GM!
As written in the comments, it would actually be about 3700 %, because of compounding.
Discussion
You forgot to subtract one to get the change, e.g (1+x%)^n - 1 = compounded change.
GM!
As written in the comments, it would actually be about 3700 %, because of compounding.
You forgot to subtract one to get the change, e.g (1+x%)^n - 1 = compounded change.