Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The average cost of a house in Canada grew from $350, 000 in 2010 to $850, 000 in 2022. What was the average annual rate

The average cost of a house in Canada grew from $350, 000 in 2010 to $850, 000 in 2022. What was the average annual rate of percentage increase during the period?

a.

103%

b.

41.18%

c.

55.84%

d.

7.67%

Clear my choice

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Engineering Mathematics

Authors: Dennis G Zill

6th Edition

1284105970, 9781284105971

More Books

Students also viewed these Mathematics questions

Question

Question 14: Good governance - has a value in the market place?

Answered: 1 week ago