SOLUTION: Henry invested $12,000 in a new restaurant. When the restaurant was sold two years later, he received $27,000. Find his average annual return by solving the equation 12,000(1 + r)^
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Question 143977: Henry invested $12,000 in a new restaurant. When the restaurant was sold two years later, he received $27,000. Find his average annual return by solving the equation 12,000(1 + r)^2 = 27,000.
This problem is in a chapter on equations by factoring, and also has examples for the Pythagorean theorem.
Thanks for any help you can give me! Answer by vleith(2983) (Show Source):
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