document.write( "Question 154629This question is from textbook elementary and intermediate algebra
\n" ); document.write( ": I posted this earlier but I cannot seem to get the answer can someone please help out thanks. I have tried to figure this one out can you help? #82. Venture capital. Henry invested $12,000 in a new restaurant. When the restaurant was sold 2 years later, he received $27,000. Find his average annual return by solving the equation 12,000(1+r)^2=27,000.
\n" ); document.write( "Thanks for your help.
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Algebra.Com's Answer #113869 by stanbon(75887) $\"\"$ $\"About$

You can put this solution on YOUR website!
Henry invested $12,000 in a new restaurant. When the restaurant was sold 2 years later, he received $27,000. Find his average annual return by solving the equation 12,000(1+r)^2=27,000.
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\n" ); document.write( "I think you want to solve for \"r\":\r
\n" ); document.write( "\n" ); document.write( "12,000(1+r)^2=27,000
\n" ); document.write( "(1+r)^2 = 27/12 = 9/4
\n" ); document.write( "1+r = 3/2
\n" ); document.write( "r = 1/2 or 0.5
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\n" ); document.write( "So the average return was 0.5*12000 = $6000.00
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\n" ); document.write( "Cheers,
\n" ); document.write( "Stan H.
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