An investor has purchased rare medals for 15 000

MATHEMATICS · Subjective · GCSE · Mathematics · Ratio and Proportion · Ratio and Proportion

Problem

An investor has purchased rare medals for 10000andhopestosellthem3yearslaterfor10 000 and hopes to sell them 3 years later for 15 000. What must the annual percentage increase in the value of the medals be, in order for the investor's target to be reached?

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