The employee engagement score for a team was 4.89 this month. The score has been improving at a rate of 12% per month. What was the score 4 months ago?

Respuesta :

The engagement score in 4 months would be 7.69

We are to determine the future value of engagement score in 4 months

The formula for calculating future value:

FV = P (1 + r)^n

FV = Future value  

P = Present value = 4.89  

R = rate of increase = 12%

N = number of months = 4

4.89 ( 1.12)^4 = 7.69

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