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16 December, 05:57

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

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  1. 16 December, 08:19
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    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)
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