Question

Your hospital’s net revenues were $28,000,000 five years ago. They are now $41,000,000. At what approximate rate have revenues been increasing on an annual basis?

Answer 1

41,000,000 - 28,000,000 = 13,000,000
So the change was 13,000,000 dollars over a 5-yewar period, so the average change per year is 13,000,000/5 = $2,600,000 per year.