document.write( "Question 149792This question is from textbook Elementary and Intermediate Algebra
\n" ); document.write( ": 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\r
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Algebra.Com's Answer #109909 by nerdybill(7384) $\"\"$ $\"About$

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12000(1 + r)²=27000
\n" ); document.write( "Divide both sides by 12000:
\n" ); document.write( "(1 + r)² = 2.25
\n" ); document.write( "Take the square root of both sides:
\n" ); document.write( "(1 + r) = 1.5
\n" ); document.write( "Subtract 1 from both sides:
\n" ); document.write( "r = .5 \n" ); document.write( "

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