You bought an investment for $1000 and 5 years later sold that investment for $1700. taking into account compounding, what was your average annual return during the investment? round your answer to the nearest tenth of a percent and use decimals

11.19%

Step-by-step explanation:

We will use compound interest formula :

A = accumulated value = $1,700

P = principal amount   = $1,00

r  = rate of interest = ?

n  = number of compounding = 1

t   = time = 5 years

Now put the values into formula

1.7 = (1+r)⁵

1.1119 = 1 + r

r = 1.1119 - 1

r = 0.1119

R = 0.1119 × 100

  = 11.19%

Average annual return was 11.19%  

  or  

step-by-step explanation:

if the four friends split the cost, p, of the pizza evenly, then each friend pays one-fourth of the cost of the pizza.

the expression is   or