SOLUTION: Your annual salary 12 years ago was $14,500; it is now $25,000. What is the average annual rate of increase?

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Question 1114202: Your annual salary 12 years ago was $14,500; it is now $25,000. What is the average annual rate of increase?
Answer by ikleyn(52921) About Me  (Show Source):
You can put this solution on YOUR website!
.
%28%2825000-14500%29%2F%2812%2A14500%29%29%2A100 = 6.034%.

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On percentage, see the lessons
    - Percentage problems
    - Percentage word problems (Type 1 problems, Finding the Part)
    - Percentage word problems (Type 2 problems, Finding the Rate)
    - Percentage word problems (Type 3 problems, Finding the Base)
    - More complicated percentage problems
    - Problems on percentage that lead to unexpected results
in this site.

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