Answer: The average annual rate of appreciation of the land over this 5-year period is 12%
Step-by-step explanation:
Calculating the amount of appreciation, we say,
$96,000 - $60,000 = $36,000
Then, $36,000/5 years = $7,200 per year.
Finally, $7,200/$60,000 = 0.12
0.12 x 100% = 12%
Answer:
45.5 ft sqaured
equal
1100/2
=550
because 100% is 500 and 100% is last year's population