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 equati
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Question 415377: 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)))
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!
Divide both sides by 12,000
Take the positive square root of both sides.
Add -1 to both sides.
John
My calculator said it, I believe it, that settles it
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