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Keith_Richards [23]
3 years ago
15

A house purchased five years ago for 100,000 was just sold for 135,000 assuming eponteniol growth approxmate the annual growth r

ate rate to the nearest percent
Mathematics
1 answer:
S_A_V [24]3 years ago
4 0

Wow.... I find it seriously hard to believe that you have to do this bashing torture. Anyway, we call the interest rate n. so, we have 100,000*(1+0.01n)^5=135000. Usig Wolfram alpha, n comes out as 6. SO, the percent rate is 6%.

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3 years ago
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