Please HELP LOTS OF POINTS Question: Clay bought a baseball card in 2001 for $50. In 2016, the card's value was $500. Determine the average annual rate (r) of appreciation to the nearest whole percent.

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asked Apr 13, 2021 73.8k views

4 votes

Please HELP LOTS OF POINTS

Question:

Clay bought a baseball card in 2001 for $50. In 2016, the card's value was $500. Determine the average annual rate (r) of appreciation to the nearest whole percent. Show all work.

Mathematics
high-school

Rosemond asked

by Rosemond

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1 Answer

4 votes

Answer:

67%

Explanation:

500=50*x*15

500=750*x

500/750=x

.666666666=x

.67=x

67%=x

Phil Factor answered Apr 17, 2021

by Phil Factor

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