Question

Jett invested $1,500 in stock. He sold the stock for $1,700. His real return was $180. What is Jett's rate of return? (3 points)

A) 15%

B) 13.33%

C) 12%

D) 14.25%

Answer 1

c) 12% sometimes learning about stocks and finance you can use the rule 72

Answer 2

Jett's rate of return is 12%.

To find out, you can use the formula:

Rate of return = (Real return / Initial investment) x 100%

Plug in the given values:

Rate of return = (180 / 1500) x 100% = 0.12 x 100% = 12%

Therefore, Jett's rate of return is 12%. The correct answer is C) 12%.