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21 June, 04:04

Abby owns a comic book that originally sold for 12¢ in 1969. In 2014, the comic book had an appraised valued of $3,700. Given that the annual percentage rate has been constant, what is the annual percentage rate of growth?

A) 23.28% B) 25.82% C) 26.33% D) 28.94%

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  1. 21 June, 04:09
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    Solution

    2014 - 1969 = 45

    45 x 0.2633 = 11.8485 = 12

    Final Answer:

    C) 26.33%
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