philayodeji07
Answered

Westonci.ca makes finding answers easy, with a community of experts ready to provide you with the information you seek. Connect with a community of experts ready to help you find accurate solutions to your questions quickly and efficiently. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform.

If you buy an investment for $800 and then sell it for
$950 a year later, what is your annual return on investment (percentage)?​

Sagot :

Answer: 18.75%

Explanation:

Since the investment is bought for $800 and then sold for $950 a year later, then the annual return on investment will be:

= (Selling price - Cost price) / Cost price × 100

= ($950 - $800)/$800 × 100

= $150/$800 × 100

= 18.75%

We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. We're glad you visited Westonci.ca. Return anytime for updated answers from our knowledgeable team.