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1 answer:
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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%.
Answer:
y = 17x-67
Step-by-step explanation:
The one point form of line also called slope point form is given by
where (x1, y1) is the point and m is slope
Given: (x1, y1) = (4,1) and m= 17
Substituting these values in above equation to find equation in point-slope form
(y-1)=17(x-4)
y-1 = 17x-68
y = 17x-67
the point -slope form of equation y = 17x-67