Concept explainers
The equation for the least and greatest ROI the company believes they will receive.
Answer to Problem 10CYU
Least ROI = 9%.
Greatest ROI = 15%.
Explanation of Solution
Given:
The company believes they will receive 12% ROI plus or minus 3%.
Calculation:
Let the ROI that the company receives be x.
Then, according to the given statement, the equation will be:
On solving the equation, we will get:
Therefore,
The least ROI that the company will receive is 9%.
The greatest ROI that the company will receive is 15%.
Chapter 2 Solutions
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
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