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23-02-2018
Business

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In january 2007, the average price of an asset was $28,158. 8 years earlier, the average price was $21,408. what was the annual increase in selling price?

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23-02-2018

Initial asset is $28,158.
Final asset is $21,407.

The difference is
[tex]28158 - 21408 = 6750[/tex]
Since this is a span of 8 years, $6,750 is divided by 8.

[tex]6750 \div 8 = 843.75[/tex]
On average, the asset increases by $843.75.

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