Some Time Ago,Julie Purchased Eleven Acres of Land Costing $36,900

question 39

Multiple Choice

Some time ago,Julie purchased eleven acres of land costing $36,900.Today,that land is valued at $214,800.How long has she owned this land if the price of the land has been increasing at 6 percent per year?

• A)28.33 years
• B)29.98 years
• C)30.23 years
• D)31.29 years
• E)32.08 years

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Definitions:

Uninsured Retirees

Individuals who are retired and lack health insurance coverage.

Relative Position

Refers to the placement or ranking of a value or an object in relation to others in a dataset, indicating its comparative magnitude or order.

Test Scores

Quantitative measures used to assess the achievement or performance of an individual in a specific area.

Observations

Data points or values that are collected or measured in a study or experiment.