Evelyn pays $7,500 for shares in a new company. She sells the shares 10 years later for $24,500. What was her total return on this investment? Round your answer to the nearest tenth of a percent.
Evelyn pays $7,500 for shares in a new company. She sells the shares 10 years later for $24,500. What was her total return on this investment? Round your answer to the nearest tenth of a percent.
Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter2: Exponential, Logarithmic, And Trigonometric Functions
Section2.1: Exponential Functions
Problem 53E: Interest Ron Hampton needs to choose between two investments: One pays 6% compounded annually, and...
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100%
The Total Return on an investment is the relative change in the investment value over a given time period.
Total Return=Ending Value−Initial ValueInitial ValueTotal Return=Ending Value-Initial ValueInitial Value
Evelyn pays $7,500 for shares in a new company. She sells the shares 10 years later for $24,500. What was her total return on this investment? Round your answer to the nearest tenth of a percent.
The Total Return on Evelyn's investment is %
Total Return=Ending Value−Initial ValueInitial ValueTotal Return=Ending Value-Initial ValueInitial Value
Evelyn pays $7,500 for shares in a new company. She sells the shares 10 years later for $24,500. What was her total return on this investment? Round your answer to the nearest tenth of a percent.
The Total Return on Evelyn's investment is %
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