What would have been Facebook’s revenue (in $ million) in its sixth year of operation if the company had matched Google’s percentage growth in revenues from the fifth to the sixth year? Choose the option that is nearest to the answer.
Explanation:
Percentage increase in Google’s growth between 5th and 6th year = (3200 – 1500)/1500 × 100 = 113.33
So, required value of Facebook revenue after 6th year = (750 × 213.33)/100 ≈ 1600
Hence, option (a).
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