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In 1996, a total of 40,263,000 taxpayers in the United States filed their individual tax returns...

In 1996, a total of 40,263,000 taxpayers in the United States filed their individual tax returns electronically. By the year 2012, the number increased to 293,691,431.

What is the geometric mean annual increase for the period?

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Answer #1

Rate of Increase Over Time(GM) = (293691431/40263000)^(1/16)-1 = 0.13223499

Thus we can say the rate of increase is 13.22%

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