document.write( "Question 274957: Venture capital. Henry invested $12,000 in a new
\n" ); document.write( "restaurant. When the restaurant was sold two years
\n" ); document.write( "later, he received $27,000. Find his average annual
\n" ); document.write( "return by solving the equation 12,000(1 + r)2 =
\n" ); document.write( "27,000. \n" ); document.write( "

Algebra.Com's Answer #200640 by checkley77(12844) $\"\"$ $\"About$

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12,000(1 + r)^2=27,000
\n" ); document.write( "(1+r)^2=27,000/12,000
\n" ); document.write( "(1+r)^2=2.25
\n" ); document.write( "Take the sqrt of both sides.
\n" ); document.write( "1+r=1.5
\n" ); document.write( "r=1.5-1
\n" ); document.write( "r=.5 or 50% ans. for the annual return.
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