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PLEASE HELP ME !! The 1997 a value of an object was $5000. In 2012 , it was worth $9500. The annual percent growth has been constant. What is the annual percent growth?? A) 1.37% B) 2.37% C) 3.37% D )
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Nov 2, 2017
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PLEASE HELP ME !!
The 1997 a value of an object was $5000. In 2012 , it was worth $9500. The annual percent growth has been constant. What is the annual percent growth??
A) 1.37%
B) 2.37%
C) 3.37%
D ) 4. 37%
Mathematics
high-school
Lasplund
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4.37% is the answer to your question
Thierry Templier
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Nov 5, 2017
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Thierry Templier
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For the answer to the question above,
the given are:
1997 - 5,000
2012 - 9,500
9,500 - 5,000 = 4,500
2012 - 1997 = 15 years
(9,500/5,000)^1/15 - 1
1.9^1/15 - 1
1.043718 - 1 = 0.043718
0.043718 * 100% = 4.3718%
So the answer is D.) 4.37
Sorashi
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Nov 8, 2017
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Sorashi
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