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the increase is 9006.04-8765.00 = 241.04 over the period of one year. As a % if the initial amount is 100*241.04/8765.00 = 2.75%/yr

Jim

I need help on how to work this problem out

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the increase is 9006.04-8765.00 = 241.04 over the period of one year. As a % if the initial amount is 100*241.04/8765.00 = 2.75%/yr

Jim

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