Ask Question
2 March, 13:34

Mrs Jefferson purchased an antique for $450. Ten years later she sold this statue for $750 if the statue is viewed as an investment, what annual rate did she make

+1
Answers (1)
  1. 2 March, 13:40
    0
    20

    Step-by-step explanation:

    The beginning price is 450 and the end price is 750. With a ten year gap that makes the value rise, the equation would be 750-450 (.1)

    750-450 (.1) = 200 (.1)

    200 (.1) = 20

    The annual rate is $20 per year

    To check this, we may say this equation:

    20 (10) + 450

    200+450

    750

    (10 for the years)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Mrs Jefferson purchased an antique for $450. Ten years later she sold this statue for $750 if the statue is viewed as an investment, what ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers