Question

Year and found she

doan lovesred $ 1,420
at The start of the
had $1,621-40 at
is the
what
end of the year
annual eft
ective
Yield of her nvestment? input your
ntage to two decimal Place omit the ofo sigo
tce
wa
as a Peca
but

Answer 1

28.729%

Explanation:

The yield percentage is found from ...

((end value) -(start value))/(start value) × 100%

= (18434 -14320)/14320 × 100%

= 4114/14320 × 100% ≈ 28.729%

Supriya's investment had an effective yield of 28.729%.