word exercise?

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Henry invested $12,000 in a new restaurant. When the restarant was sold two years later re recived $27,000. FInd the avg. annual return by solving the equation 12,000(1 + r)^2 = 27,000

2007-08-03 17:06:17 · 3 answers · asked by Anonymous in Science & Mathematics ➔ Geography

3 answers

According to your equation:

12000(1+r)^2 = 27000

dividing by 12000
12000(1+r)^2 / 12000= 27000/12000

(1+r)^2 = 2.25
Square root

1+r = 1.5
Minus 1

r = 0.5

2007-08-03 17:17:14 · answer #1 · answered by Cahno da Wolf 3 · 0⤊ 0⤋

That's a geography question? BTW, the anwer is 50 percent.

2007-08-04 00:20:29 · answer #2 · answered by cattbarf 7 · 0⤊ 0⤋

50%

2007-08-04 07:49:01 · answer #3 · answered by rosie recipe 7 · 0⤊ 0⤋