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The Mendes family bought a new house 9 years ago for $108,000. The house is now worth $165,000. Assuming a steady rate of growth, what was the yearly rate of appreciation? Round…

The Mendes family bought a new house 9 years ago for $108,000. The house is now worth $165,000. Assuming a steady rate of growth, what was the yearly rate of appreciation? Round…
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The Mendes family bought a new house 9 years ago for $108,000. The house is now worth $165,000. Assuming a steady rate of growth, what was the yearly rate of appreciation? Round your answer to the nearest tenth of a percent (1.2% etc)

User Saideep Arikontham
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the yearly rate of appreciation is 6,333.3%

(I'm pretty sure I did that right)
User Aaron Vanston
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