Solved: What has been the average annual compounded rate of return, Basic Statistics

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What has been the average annual compounded rate of return

Fourteen years ago today an art collector paid $5,400 for a sculpture by prominent local artist Godfrey El Paso. She had it appraised this morning by an expert who estimated the piece's value now to be $18,400. What has been the average annual compounded rate of return on this investment?

24.339%
3.375%
29.348%
9.152%
2.096%

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Basic Statistics: What has been the average annual compounded rate of return

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