Question

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.

Answer 1

67%

Explanation:

500=50*x*15

500=750*x

500/750=x

.666666666=x

.67=x

67%=x