December 2017
A hot air balloon rising straight up from a level field is track by a range finder 500 ft from the point of lift off. At the moment the lift finder’s elevation is 45 degrees, the angle is increasing at the rate of 0.14 rad per minute. How fast is the balloon rising?
| A. 150 fpm | C. 120 fpm |
| B. 140 fpm | D. 130 fpm |
A businessman wishes to earn 7% on his capital after payment of taxes. If the income from an available investment will be taxed at an average rate of 42%, what minimum rate of return, before payment of taxes, must the investment offer to be justified?
| A. 12.1% | C. 12.7% |
| B. 11.1% | D. 10.7% |
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