QID [q]. Recently, Arizona State University’s Polytechnic ca…
QID [q]. Recently, Arizona State University’s Polytechnic campus placed third in the 22nd RoboSub competition. Fifty-four teams representing Brazil, Canada, China, Egypt, India, Japan, Norway, Poland, Russia, Singapore, Thailand, Turkey and the United States of America and territories participated in the competition, which was held in San Diego, California. The prize for third place was $[z]. If the team spent $[p] for parts (at time 0) and the project took [y] years, what annual rate of return did the team make? (Answer as a percentage, round to one decimal place.)
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