document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=221624>Question 221624</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Henry invested $12,000 in a new resturant When the restaurant was sold two years later, he recieved $27,000. Find his average annual return by solving the equation %12,000 (1 + r )^2 = 27,000\r<BR>\n" );
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document.write( "Can someone help me understand how to solve this problem? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #166176 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=166176\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 12000 (1+r)^2=27000<BR>\n" );
document.write( "(1+r)^2=27000/12000<BR>\n" );
document.write( "(1+r)^2=2.25<BR>\n" );
document.write( "1+r=1.5<BR>\n" );
document.write( "r=.5 or 5% per yr<BR>\n" );
document.write( "the total return first yr =12000*1.5=18000<BR>\n" );
document.write( "total return second yr =18000*1.5=27000 </SPAN>\n" );
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