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

Question

4 years ago

15

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 to explain your answer.

Mathematics

1 answer:

Veseljchak [2.6K] · Answer 1 · 2021-11-13T18:53:12+03:00

Veseljchak [2.6K]4 years ago

5 0

The balance is greater than the invested amount, so the rate of return is positive for the quarter. -0.02% is a negative return, inconsistent with the current balance. The reported rate of return is NOT reasonable.