What is the average annual decline rate

Reference no: EM1390651

In an enterprise the unit cost of the product is 200 dollars in 2000, 160 dollars in 2005, please calculate the average annual decline rate of unit cost during the period from 2000 to 2005. If in 2010 the unit cost of the product down to 112 dollars , what is the average annual decline rate?

Reference no: EM1390651

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