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lana [24]
3 years ago
10

Assume that in 2014, in 1871 $20 double eagle sold for $17,000. what was the rate of return on this investment

Business
1 answer:
densk [106]3 years ago
4 0
The rate of return is the amount received on top of the cost of the initial investment divided by the initial investment made.

  Profit = $17,000 - $20
  Profit = $16,980

Dividing the calculated by the initial investment and the number of years.
      Rate of return = (($16980/$20)(100%) / (2014 - 1871)
      Rate of return = (84900%) / 143
                             = 593.71%

ANSWER: 593.71%
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12 oz fertilizer to 96 oz water will make 12+96 = 108 oz of liquid

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