in 2006, selected automobiles had an average cost of $16,000. The average cost of those same automobiles is now $28,000. What wa

Question

Fynjy0 [20]

3 years ago

14

in 2006, selected automobiles had an average cost of $16,000. The average cost of those same automobiles is now $28,000. What wa

s the rate of increase for these automobiles between the two time periods?

Business

1 answer:

Nonamiya [84] · Answer 1 · 2022-04-18T22:41:18+03:00

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The rate of increase for these automobiles between the two time periods is <span>75 percent.

Below is the solution:

</span><span>($28,000 – $16,000) / $16,000 = .75 (75 percent)</span>