Question

In the year 1984, an investment was worth $34200. In the year 1992, this investment was worth $41400.

The value of this investment is
increasing at a rate of ??

Answer 1

Answer:

$900 per year.

Step-by-step explanation:

Since this takes place over an 8-year period (1992 - 1984 = 8), and we have a $7,200 ($41,400 - $34,200 = $7,200) change, we have to divide the change by the amount of years present. So, the equation would be $7,200/8. This results in $900 per year as the rate of change.