Diff between “Grow By” and “Grow To” in Finance

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  1. My son just entered into his first 2 modules for the cfab certificate on the way to attaining the icaew aca charter. These small little videos are priceless for him coming out of secondary school from a non accounting background in the science stream in Malaysia.

    I told him that he has to master the fundamentals and look for small phrases that can trip test takers up. He might use the right formulas for calculating interest and breakeven points et cetera, but by missing small yet important details like these, he would get the answer wrong down the line, especially if two or three questions depend on a single situation with a pivotal wording. So thanks.

    I look forward to seeing more content on uncommon phrases (to us non accountants) and small details that are taken for granted in the accounting fraternity but have a huge impact in the accounting exams.

  2. Sorry but I have to take you on this.

    What if it grew by or to 35%?

    Can you explain that more clearly? We could turn it into a collaborative video! Hit me up.

    Here is my explanation though.

    1. Grow by is more of a percentage change so mathematically here is the equation
    Revenue (1+%)= X
    Therefore X= 100(1+400%)= 500

    2. Grow to is more of a proportion so mathematically here is the equation
    X/Revenue= %

    Therefore X/100=400%
    X=400

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