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if in the first yr your company made 275,000 the 2nd yr 300,000 the 3rd yr 310,000 what percent has your company grown?

this is a question I had on a test I put 10% I am courious about the answer and howit was calculated

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Parviz F. | Mathematics professor at Community CollegesMathematics professor at Community Colle...
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31,000 - 275,000  = 0.13     /with rounding of to hundredth
     275,000
 
0.13 = growth in 3 years= 13%
 
0.13/ 3 = 0. 043 = 4.3 % annual growth.