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Business Finance: Annual Revenue Growth from $30 Million to $90 Million

Find the compound annual growth rate implied by Eisenberg Industries revenue rising from $30 million to $90 million over 10 years.

Question

OpenStax Principles of Finance 2e, Chapter 7, Problem 19 (standardized wording).

Eisenberg Industries had revenue of $30 million at the start of a 10-year interval and $90 million at its end. Calculate the annual revenue growth rate over that interval.

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Evidence boundary

This answer uses the 2026 second edition of OpenStax Principles of Finance, Chapter 7 Problem 19. It treats the stated interval as ten annual compounding periods and reports the equivalent compound annual rate. The prompt supplies no annual revenue series, profit figures, or dividend data; none are inferred.