Annual rate of return earned when the share was sold at $50 per share is 20%
Annual rate of return earned when the share was sold at $60 per share is 40%
<h3>How to calculate annual rate of return</h3>
Annual rate of return is given by the formula
let end of the year price = eyp
let beginning of the year price = byp
= {(eyp - byp) / byp} * 100
Annual rate of return at share price of $50 per share
when there is paying of dividends the value is added to the the eyp
eyp = 50 * 100 + 2 * 100 * 5 = 6000
byp = 50 * 100 = 5000
= {(6000 - 5000) / 5000} * 100
= 20%
Annual rate of return at share price of $60 per share
eyp = 60 * 100 + 2 * 100 * 5 = 7000
byp = 50 * 100 = 5000
= {(7000 - 5000) / 5000} * 100
= 40%
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Answer: 
<u>Step-by-step explanation:</u>
a) This is an arithmetic sequence where 3 is added to the previous term.
48 + 3 = 51
51 + 3 = 54
54 + 3 = 57
The recursive formula for this sequence is: 
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b) This is a geometric sequence where 2.5 is multiplied to the previous term.
100(2.5) = 250
250 (2.5) = 625
625(2.5) = 1562.5
The recursive formula for this sequence is: 
The answer to fill the tank is 5.16
