document.write( "Question 304576: Henry invested $12,000.00 in a new restaurant. When the restaurant was sold two years later, he received, $27,000.00. find the average annual return by solving the equation 12,000 (1 + r)^2=27,000 \n" ); document.write( "

Algebra.Com's Answer #218076 by nerdybill(7384) $\"\"$ $\"About$

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12,000 (1 + r)^2=27,000
\n" ); document.write( " $\"%281+%2B+r%29%5E2+=+27000%2F12000+\"$
\n" ); document.write( " $\"%281+%2B+r%29%5E2+=+27%2F12+\"$
\n" ); document.write( "Take the square root of both sides:
\n" ); document.write( " $\"+1%2Br+=+sqrt%2827%2F12%29+\"$
\n" ); document.write( " $\"+r+=+sqrt%2827%2F12%29-1+\"$
\n" ); document.write( "r = 0.50 (or, 50%)
\n" ); document.write( " \n" ); document.write( "

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