Question

Max invested $5700 into Brandon's new business where he will earn interest on his investment. After 7 years Max's investment is worth $13300. What is the Total Return on Max's Money? ROUND YOUR ANSWER TO 1 DECIMAL PLACE. The total return is %

Answer 1

Answer: 133.33%

Explanation:

Max invested $5,700 into the new business.

After 7 years this came out to be $13,300.

The total return is calculated as:

= [(Ending investment amount - Beginning investment amount) / Beginning investment amount] * 100

= [(13,300 - 5,700) / 5,700] * 100

= 133.33%