if you plan to invest $1,200 annually for 9 years, what rate of return is needed to reach a goal of $15,000?

correct answer is b. 27/8

step-by-step explanation:

this is a direct variation proportion. y = kx

y is the total amount due, k is the constant of variation, and x is the number of texts sent.

plug in the 3.20 and the 16 to solve for the "k". this is the constant of proportionality. it is the value that will not change.

3.20 = k(16). solving you get $.20 per text.

the equation would then be y = .20x

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