Henry invested $12,000 in a new restaura

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Munch5kn from uop
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$1.00 Henry invested $12,000 in a new restaura

From Mathematics: Algebra
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Due on Aug. 31, 2008
Asked on Aug 31, 2008 at 1:34:30PM

Q:
Henry invested $12,000 in a new restaurant. When the restaurant was sold two years later, he received $27,000. Find his average annual return by solving the equation 12000(1+r^2)=27000

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modulo51 from University of California, Berkeley
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$1.00 Solving compounding equation

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Posted on Aug 31, 2008 at 1:51:11PM

A:
Preview: ... this:
[(1+r)^2] = 27000/12000 = 2.25
now, take the log of both sides (base 10 or base e will work):
...

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sudipta from IIM Bangalore

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$1.00 Answered

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Posted on Aug 31, 2008 at 1:55:30PM

A:
Preview: ... 2,000(1+r)^2, we have:
(1 + r)^2 = 2 ...

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shri21 from University College

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$1.00 Solution - Step-by-step

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Posted on Aug 31, 2008 at 1:56:14PM

A:
Preview: ... 000

(1 + r)^2 = 27000/12000 ...

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renny48 from Ball State, IUPUI

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$1.00 YOur answer

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Posted on Aug 31, 2008 at 1:58:05PM

A:
Preview: ... same answer you ar ...

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