philayodeji07
Answered

Discover answers to your most pressing questions at Westonci.ca, the ultimate Q&A platform that connects you with expert solutions. Discover reliable solutions to your questions from a wide network of experts on our comprehensive Q&A platform. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.

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 our answers were helpful. Return anytime for more information and answers to any other questions you may have. We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Thank you for using Westonci.ca. Come back for more in-depth answers to all your queries.