If a company's revenue doubles from Year 1 to Year 5, what is the approximate annual growth rate?

✓ Correct Answer: Option A

(1+r)⁴ = 2. r = 2^(1/4) − 1 ≈ 1.189 − 1 ≈ 0.189 ≈ 19%. Closest is 15% (actual depends on compounding). With r=15%: 1.15⁴ = 1.749. With 19%: ~2.0. The answer is approximately 15-19%.