document.write( "Question 236027: Find the annual rate of growth on an account that was worth $1000 in 1996 and was worth $1400 in 1999.\r
\n" ); document.write( "\n" ); document.write( "I have tried like this: 1996-1999 is 3 years, and it had raised $400
\n" ); document.write( "400/1000 x 100= 40% which means it has raised 40% in 3 years, so is the answer 40/3= 13.33% per year????
\n" ); document.write( "Please tell me if i'm right or wrong. Thanks very much!
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Algebra.Com's Answer #173780 by scott8148(6628)\"\" \"About 
You can put this solution on YOUR website!
well...the problem is, there is growth on growth\r
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\n" ); document.write( "\n" ); document.write( "try this ___ 1400 = 1000 (1 + r)^3
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