patt34son patt34son

16-03-2018
Mathematics

contestada

The Marriott family bought a new apartment three years ago for $65,000. The apartment is now worth $86,515. Assuming a steady rate of growth, what was the yearly rate of appreciation? as a percentage

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vunderkid vunderkid

16-03-2018

($86,515/$65,000-1)*100=33.1%
33.1%/3=11.04%
The yearly rate is 11.04%

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