Question

For an investment of $26,245, a quarterly statement reports that the account balance is $26,292. The statement also reports that for the same quarter, the rate of return on the investment was -0.02%. Given the information regarding the investment's current balance, does the reported rate of return seem reasonable? Use complete sentences

Answer 1

Hello,

No, that does not seem reasonable.
The account went from $26,245 to $26,292, that is an increase.
Therefore the rate of return should be positive, not negative.

Good luck,
MrEQ