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In 2 0 1 0 , the city of Houston, Texas, collected $ 2 4 , 1 1 2 , 0 5 4 in fi
In the city of Houston, Texas, collected
$ in fi nes from motorists because of
traffi c violations caught by redlight cameras. The
cost of operating the system was $ The
net profi t that is profi t after operating costs, is
split equally that is each between the city
and the operator of the camera system. What will
be the rate of return over a year period to the
contractor that paid for, installed, and operates the
system, if its initial cost was $ and the
profi t for each of the years is the same as it was
in
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