Question 214812
12,000(I +r)^2= 27,000.
12,000(1+r)^2=27,000
(1+r)^2=27,000/12,000
(1+r)^2=2.25
1+r=sqrt2.25
1+r=1.5
r=1.5-1
r=.5 or 50% is the annual increase in value.