document.write( "Question 205137This question is from textbook Elementary and Intermediate Algebra
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document.write( ": Josh 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 \n" );
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Algebra.Com's Answer #154848 by Alan3354(69443) You can put this solution on YOUR website! \n" ); document.write( "Solve for r. \n" ); document.write( "------------ \n" ); document.write( "(1+r)^2 = 27000/12000 = 2.25 \n" ); document.write( "1+r = 1.5 \n" ); document.write( "r = 0.5 = 50%\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |