Rate of Change Percentage

rsp

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Jul 6, 2015
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A house is purchased for 166000 and sold for 225000 after 12 years. what is the rate of change ( percentage )?
 
A house is purchased for 166000 and sold for 225000 after 12 years. what is the rate of change ( percentage )?
By "rate of change", does the exercise mean "the rate of growth, at an annualized rate"? What did you get, when you plugged this into the formula they'd given you?

Please be complete. Thank you! ;)
 
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