I know the following things for a problem.
Percent growth over a 3 year period was 11,200%
The present value is $24,000,000 And the past value is x
The growth rate equation is % growth = (Present - Past) / Past
Which gives me this:
11,200% = (24,000,000 - x) / x
How would I solve for x?
Since we are given a percentage we will need to divide by 100%
$$\frac{11200}{100}=\frac{24000000-x}{x}$$
After cross multiplying you obtain
$$11200 x=2400000000-100 x$$
After adding 100x to both sides
$$11300 x = 2400000000$$
Then, solve for x
$$x=\frac{2400000000}{11300}$$
$$x = 212389$$