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

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

User Vizmi
by
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1 Answer

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Answer:

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

rate of return :

1560/12000*100=13%

User Lucas Godoy
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