SOLUTION: Your annual salary 12 years ago was $14,500; it is now $25,000. What is the average annual rate of increase?
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Question 1114202: Your annual salary 12 years ago was $14,500; it is now $25,000. What is the average annual rate of increase?
Answer by ikleyn(52925) (Show Source): You can put this solution on YOUR website!
.
= 6.034%.
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On percentage, see the lessons
- Percentage problems
- Percentage word problems (Type 1 problems, Finding the Part)
- Percentage word problems (Type 2 problems, Finding the Rate)
- Percentage word problems (Type 3 problems, Finding the Base)
- More complicated percentage problems
- Problems on percentage that lead to unexpected results
in this site.
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