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23 January, 22:25

The Mendes family bought a new house 10 years ago for $109,000. The house is now worth $193,000. Assuming a steady rate of growth, what was the yearly rate of appreciation? Round your answer to the nearest tenth of a percent (1.2% etc)

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  1. 23 January, 22:47
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    The yearly rate of appreciation was $8400
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