Answer:
About 36%.
Step-by-step explanation:
The formula for the rate of return on investment is the total value minus the initial cost divided by the initial cost.
The total value is $1,500. The initial cost is $1,100.
(1,500 - 1,100) / 1,100 = 400 / 1,100 = 4 / 11 = 0.363636363636
So, Dean's rate of return on investment is about 36%.
Hope this helps!
