Given that R = 3x + 9y Find x when y = 6 and R=7
Give your answer as an improper fraction in its simplest form.

Step-by-step explanation:

R = 3x + 9y

They told us that R = 7, y = 6

So you can rewrite the equation as:

R = 3x + 9y

7 = 3x + 9(6)

7 = 3x + 54

Subtract 54 from both sides.

7 - 54 = 3x

-47 = 3x

To find x, you need to divide both sides by 3

3x = -47

x = -47/3

required rate of return = 0.166 = 16.6%

step-by-step explanation:

under the capital asset pricing model (capm), the required or expected rate of return for a particular security or asset is given using the formula:

required rate of return = risk-free rate + beta*(market risk premium)

we are given that;

risk-free rate = 4% = 0.04

beta = 1.4

market risk premium = 9% = 0.09

we simply plug these values into the above formula;

required rate of return = 0.04 + 1.4*(0.09)

required rate of return = 0.04 + 0.126

required rate of return = 0.166 = 16.6%