philayodeji07
Answered

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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%

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