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If you pay $500 for an investment that returns $600 in one year, what is your annual rate of return?

If you pay $500 for an investment that returns $600 in one year, what is your annual rate of return?
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1 vote
If you pay $500 for an investment that returns $600 in one year, what is your annual rate of return?

User BlueJapan
by
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1 Answer

5 votes
Your annual rate of return is 20%.
User Kaushlendra
by
8.3k points
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