Question

You invested $8000 in a savings bond. When you cash it in 5 years later, you received $9,250. Find the total return.Question 4 options:15.6%1.1%13.5%2.9%

Answer 1

ok

8000 ------------------------ 100

9250 ------------------------ x

x = (9250 x 100) / 8000

x = 925000/8000

x = 115.63

Total return = 115.6 - 100

= 15.6%