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PLZZZ HELP! In 2002 Johan bought a collector car as an investment when its value was $180,000. He sold the car in 2014. Over the time he owned it, its value grew an average of 2.44% each year. How much
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PLZZZ HELP!

In 2002 Johan bought a collector car as an investment when its value was
$180,000. He sold the car in 2014. Over the time he owned it, its value
grew an average of 2.44% each year.

How much profit did Johan earn on
his investment?

User MPikkle
by
7.7k points

1 Answer

6 votes

bought for $180000 in 2002

sold it in 2014

180000*2.44\100

User Amir Choubani
by
8.5k points
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