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ashleywiggall
ashleywiggall ashleywiggall
  • 17-01-2017
  • Business
Answered

in 2006, selected automobiles had an average cost of $16,000. The average cost of those same automobiles is now $28,000. What was the rate of increase for these automobiles between the two time periods?

Verified Answer :

Anonymous Anonymous
  • 24-01-2017

Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions.

The  rate of increase for these automobiles between the two time periods is 75 percent.

Below is the solution:

($28,000 – $16,000) / $16,000 = .75 (75 percent)

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