What has been annual turnover of apartments in percent

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Question

Out of the housing company's 52 apartments, in 23 years, the owner has changed at least once in 47 apartments. It is assumed that the annual turnover rate of apartments remains the same. What has been the annual turnover of apartments in percent? How long will it take until half of the current residents of the housing association have moved out?

Reference no: EM133208629

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