Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Randy invests $70,000 in chain of laundromats If at the end of one year he sells his investment for $81,000, what was his rate of

"Randy invests $70,000 in chain of laundromats" "If at the end of one year he sells his investment for $81,000, what was his rate of return? Round your answer to the nearest tenth of a percent."

Step by Step Solution

3.43 Rating (156 Votes )

There are 3 Steps involved in it

Step: 1

I Given i Below are the information available Sales pr... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

A Survey of Mathematics with Applications

Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde

10th edition

134112105, 134112342, 9780134112343, 9780134112268, 134112261, 978-0134112107

More Books

Students also viewed these Finance questions

Question

Give codons for the following amino acids: (a) Th (b) Asp (c) Thr

Answered: 1 week ago