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Please HELP LOTS OF POINTS Question: Clay bought a baseball card in 2001 for $50. In 2016, the card's value was $500. Determine the average annual rate (r) of appreciation …

Please HELP LOTS OF POINTS Question: Clay bought a baseball card in 2001 for $50. In 2016, the card's value was $500. Determine the average annual rate (r) of appreciation …
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4 votes
Please HELP LOTS OF POINTS

Question:

Clay bought a baseball card in 2001 for $50. In 2016, the card's value was $500. Determine the average annual rate (r) of appreciation to the nearest whole percent. Show all work.

asked
User Rosemond
by
7.6k points

1 Answer

4 votes

Answer:

67%

Explanation:

500=50*x*15

500=750*x

500/750=x

.666666666=x

.67=x

67%=x

answered
User Phil Factor
by
7.8k points
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