Answer:
The growth rate for the period was of 17.86%.
Step-by-step explanation:
To find the growth rate as a percent, we multiply the change by 100, and divide by the initial value.
A house cost $112,000 in 2010. By the year 2015, the house had a value of $132,000.
Change: 132 - 112 = 20
Initial value: 112
Growth rate as a percent:
20*100/112 = 17.86%
The growth rate for the period was of 17.86%.
