SOLUTION: 96. Venture Capital. Henry invested $12,000 in a new restaurant. When the restraint was sold two years later, he received $27,000. Find the average annual return by solving the

Question 57979: 96. Venture Capital. Henry invested $12,000 in a new restaurant. When the restraint was sold two years later, he received $27,000. Find the average annual return by solving the equation 12,000(1 + r)^2 = 27,000.
Answer by hayek(51) (Show Source): You can put this solution on YOUR website!

Now take the square root of both sides:

or r=50%

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