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Liula [17]
4 years ago
10

18 years after purchasing shares in a mutual fund for $6300, the shares are sold for $11200 what is the total return and the ann

ual return percentage
Mathematics
1 answer:
Grace [21]4 years ago
5 0

Answer:

A = 11,600

P = 6,000

Total return = 11600-6000/6000 X 100%= 93.3%= (11600/6000) (1/17)– 1= 0.03954 * 100%= 3.954= 4.0%.

Step-by-step explanation:

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