Chip and Joanna Gains purchase a house for $40,000. After renovations, they sell the house for $240,000! What is the percent increase of the value of the home?

600%

Step-by-step explanation:

Set up a ratio

40,000/240,000 = 100/x

40,000x = 24,000,000

x = 600%

hi,

3. 12.15, you are correct.

4.2.01, your first digit is correct,

hope this !

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%