# SOLUTION: Venture capital Henry invested \$12,000 in a new restaurant. When the restaurant was sold two years later, he received \$27,000. Find his average annual return by solving the equatio

Algebra ->  Algebra  -> Polynomials-and-rational-expressions -> SOLUTION: Venture capital Henry invested \$12,000 in a new restaurant. When the restaurant was sold two years later, he received \$27,000. Find his average annual return by solving the equatio      Log On

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 Click here to see ALL problems on Polynomials-and-rational-expressions Question 149792This question is from textbook Elementary and Intermediate Algebra : Venture capital Henry invested \$12,000 in a new restaurant. When the restaurant was sold two years later, he received \$27,000. Find his average annual return by solving the equation 12,000(1 + r)²=27,000 This question is from textbook Elementary and Intermediate Algebra Answer by nerdybill(6958)   (Show Source): You can put this solution on YOUR website!12000(1 + r)²=27000 Divide both sides by 12000: (1 + r)² = 2.25 Take the square root of both sides: (1 + r) = 1.5 Subtract 1 from both sides: r = .5