Growth rate formula

Question

In cell C16, create a formula that adds 1 to the growth rate (cell C14) and multiplies the result by the estimated profit from 2024 (cell C15).

Answer 1

In cell C16, create a formula that adds 1 to the growth rate (cell C14) and multiplies the result by the estimated profit from 2024 (cell C15).

What's given in the mathematical problem:

The growth rate is in cell C14.

The estimated profit from 2024 is in cell C15.

How to Solve the problem?

Use the formula to calculate the value and enter it in cell C16.

Step 1:

Add 1 to the growth rate.

1 + C14

Step 2:

Multiply the result by the estimated profit from 2024.

(1+C14) x C15

Step 3:

Enter the formula in cell C16.

C16 = (1 + C14) x C15

Solution:

The formula for cell C16 is (1 + C14) x C15

I hope the mathematical calculations (step by step approach) was helpful. Please let me know if you require any more assistance. If anyone in my neighborhood is interested in setting up an in-person math tutoring session. I look forward to hearing from them. Have an amazing day. Doris H.

Answer 2

Take your cursor to cell C16 and type in the following:

=(1+C14)*C15

As described, this adds 1 to C14, then multiplies by C16.