SOLUTION: Henry invested 12,000 in a new restaurant. 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= 2
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-> SOLUTION: Henry invested 12,000 in a new restaurant. 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= 2
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Question 327740: Henry invested 12,000 in a new restaurant. 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. Answer by user_dude2008(1862) (Show Source):
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