3 ms·
Putting aside the fact that the numbers are year over year and not month to month, that isn't how percentage increases work. If you have a quantity that goes up
by nonameiguess 4y ago
Putting aside the fact that the numbers are year over year and not month to month, that isn't how percentage increases work. If you have a quantity that goes up 9% and then goes up another 7%, it has then gone up (1.09 * 1.07) - 1 ~= 16.63%. This is how compounding works. In a single period, it doesn't make much of a difference, as you can see, it's barely more than 16%, but over many periods, compounding results in much greater cumulative growth than if you simply added the increases together.