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An investor invested $13,000 in the stock market. At the end of one year, she sold her stock for $18,800. What was her rate of return for that investment? (Round your answer to the nearest tenth of a percent.
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An investor invested $13,000 in the stock market. At the end of one year, she sold her stock for $18,800. What was her rate of return for that investment? (Round your answer to the nearest tenth of a percent.)

User WizKid
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1 Answer

1 vote

Answer:

Rate of return on investment is 44.6 %

Step-by-step explanation:

Cost of investment on stock market $ 13,000

Sales price of invested stock $ 18.800

Value of gain in sale $ 5.800

Rate of return on investment =

Gain/ Cost of investment

$ 5,800/ $ 13,000 = 44.6 %

User DiscoInfiltrator
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