For an investment of $26,245, a quarterly statement reports that the account balance is $26,292. The statement also reports that

Question

2 years ago

11

For an investment of $26,245, a quarterly statement reports that the account balance is $26,292. The statement also reports that

for the same quarter, the rate of return on the investment was -0.02%. Given the information regarding the investment's current balance, does the reported rate of return seem reasonable? Use complete sentences

Mathematics

1 answer:

ludmilkaskok [199] · Answer 1 · 2022-07-28T07:14:59+03:00

ludmilkaskok [199]2 years ago

8 0

Hello,

No, that does not seem reasonable.
The account went from $26,245 to $26,292, that is an increase.
Therefore the rate of return should be positive, not negative.

Good luck,
MrEQ