80.4k views
4 votes
If you invest $12,000 and one year later your investment has grown to $13,188, then the rate of return on your investment was ____ %. (Round your answer to the nearest tenth of a percent.) Type in your numerical answer only; do not type any words or letters with your answer.

User Igor
by
5.7k points

1 Answer

1 vote
1388 divided by 12000= 1.099
turn the decimal into a percentage
1.099 times 100= 109.9%
User Nyce
by
5.3k points