If a $12,000 investment earns interest of $1,560 in 1 year, what is its rate of return?

asked Oct 2, 2024 98.3k views

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by Vizmi

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Answer:

Rate of return (%) = (interest / Investment amount)* 100

rate of return :

1560/12000*100=13%

Lucas Godoy answered Oct 9, 2024

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