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 equ

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 equ

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Question 174271: 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)2nd power =27,000.
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!
Divide both sides by 12,000, then take the square root of both sides, then add -1 to both sides.
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