Question 591782
Good so far. Now take the tenth root of both sides to solve for b


{{{1.4007=b^10}}}


{{{root(10,1.4007)=root(10,b^10)}}}


{{{1.03427=b}}}


{{{b = 1.03427}}}


So the yearly rate of appreciation as a percentage is approximately (1.03427-1)*100 = <font color="red">3.427 %</font>