Question

PLEASE HELP ME !!

The 1997 a value of an object was $5000. In 2012 , it was worth $9500. The annual percent growth has been constant. What is the annual percent growth??
A) 1.37%
B) 2.37%
C) 3.37%
D ) 4. 37%

Answer 1

4.37% is the answer to your question

Answer 2

For the answer to the question above,
the given are:
1997 - 5,000
2012 - 9,500

9,500 - 5,000 = 4,500
2012 - 1997 = 15 years

(9,500/5,000)^1/15 - 1
1.9^1/15 - 1
1.043718 - 1 = 0.043718
0.043718 * 100% = 4.3718%

So the answer is D.) 4.37