document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=200496>Question 200496</A>This question is from textbook <A HREF=http://www.amazon.com/exec/obidos/ASIN/9780073533490/algebrahomeworkh>Elementary and Intermediate Algebra</A><BR>\n" );
document.write( ": <I><SPAN STYLE=\"word-break: break-all;\"> Venture capital. Henry invested $12,000 in a new<BR>\n" );
document.write( "restaurant. When the restaurant was sold two years<BR>\n" );
document.write( "later, he received $27,000. Find his average annual<BR>\n" );
document.write( "return by solving the equation 12,000(1 + r)2 =<BR>\n" );
document.write( "27,000. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #150813 by </B><A HREF=/tutors/aboutme.mpl?userid=rfer><B>rfer(16322)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=rfer><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=150813\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> I think I would use i=Prt<BR>\n" );
document.write( "i=amount of interest<BR>\n" );
document.write( "P=principal<BR>\n" );
document.write( "r=%<BR>\n" );
document.write( "t=time<BR>\n" );
document.write( "15000=12000*r*2<BR>\n" );
document.write( "15000/12000=2r<BR>\n" );
document.write( "1.25=2r<BR>\n" );
document.write( "1.25/2=.625<BR>\n" );
document.write( "r=62.5% </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );