The value of an investment property after t years can be found using the formula V =C (1 + r)^2, where V is the current value of the property, C is the original investment,
and r is the annual rate of appreciation.
a. Solve the formula for r.
b. Lew bought a condo 20 years ago for $50,000, and the current value of the condo is $175,000. Assuming the same
rate each year, what has the annual rate of appreciation been? Round your answer to the nearest half a percent.

0.871

Step-by-step explanation:

a. Solve the formula for r.

V = C (1 + r)²

dividing both sides by C, we have

V/C = (1 + r)²

(1 + r)² = V/C

taking square root of both sides, we have

√(1 + r)² = √(V/C)

1 + r = √(V/C)

r = √(V/C) - 1

b. Lew bought a condo 20 years ago for $50,000, and the current value of the condo is $175,000. Assuming the same

rate each year, what has the annual rate of appreciation been? Round your answer to the nearest half a percent.

Since r  = √(V/C) - 1 and V = $ 175,000 and C = $ 50,000

Substituting the values of the variables into the equation for r, we have

r  = √($ 175,000/$ 50,000) - 1

r  = √3.5 - 1

r = 1.871 - 1

r = 0.8708

r ≅ 0.871

the multiples of 15 are 15, 30,45, 60, 75, 90, 105, 120, 135, 150, 165, 180, 195,   210, 225, 240, 255, 270, 285, 300, 315, 330, 345, 360, 375,   390, 405, 420, 435, 450, 465, 480, 495, 510, 525, 540, 555, 570, 585, 600, 615, 630, 645, 660, 675, 690, 705, 720, and 735.

the factors of 15 are 1, 3, 5, and 15.

hope that , fam!

-une, your fren : )