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Alex made an investment of $25,678 which had a return rate of 2.7% in the first year, 5.87% in the next year and 3.89% in the third year. What is the average rate of return on Alex’s investment? A. 3.95% B. 4.05% C. 3.75% D. 3.50%

User Melynda
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1 Answer

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Answer: B

Step-by-step explanation: Without doing any math you just take the sum of the return rates and /3 so you know the answer is 4.15 so the closest answer to that is 4.05. Without knowing how to calculate APR that is the only option as an answer

User Konstantin Burov
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