Can someone pls help me I think I know the answer but still
1 answer:
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Answer:
n = 6
Step-by-step explanation:
2 =
multiply both sides by 3
=> n = 6
Answer:
The rate of return is 14%
Step-by-step explanation:
The rate of return can be determined by,
RR = x 100%
where:
RR is the rate of return
is the final amount = $690 - $6 = $684
is the initial amount = $15 x 40 = $ 600
So that,
RR = x 100%
= 0.14 x 100%
= 14%
Therefore, the rate of return is 14%.