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Julian was given a gold coin originally purchased for $1 by his great-grandfather 50 years ago. Today the coin is worth $450. The rate of return realized on the sale of this coin is approximately equal
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31 votes
31 votes
Julian was given a gold coin originally purchased for $1 by his great-grandfather 50 years ago. Today the coin is worth $450. The rate of return realized on the sale of this coin is approximately equal to

User Meeesh
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1 Answer

16 votes
16 votes

Answer:

44900%

Step-by-step explanation:

450 - 1 = $449

So, the price of the gold coin has increased by $449

Then we take 449 divided by 1, then times 100% = 44900%

So, the gold coin price has increase by 44900%

User Zechdc
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