SOLUTION: an investment was made for $12,000. 2-years it was sold and received $27,000 find the average annual return by solving 12,000(1 + x^2)=27000

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Question 59223This question is from textbook elementary and intermediate algebra
: an investment was made for $12,000. 2-years it was sold and received $27,000 find the average annual return by solving 12,000(1 + x^2)=27000 This question is from textbook elementary and intermediate algebra

Answer by checkley71(8403) About Me  (Show Source):
You can put this solution on YOUR website!
12,000(1+X^2)=27,000
12,000+12,000X^2=27,000
12,000X^2=27,000-12,000
12,000X^2=15,000
X^2=15,000/12,000
X^2=1.25
PROOF
12,000(1+1.25)=27,000
12,000*2.25=27,000
27,000=27,000