Question

Three years after paying $2800 in a startup company, you sell for $2200. The total percent return is what?​

Answer 1

Answer:

The total percentage return is 26.19

Step-by-step explanation:

Given as :

The amount paid for three years = $ 2800

So, Total amount paid for three years = $ 2800 × 3 = $ 8400

The return amount after three years = $ 2200

The time period = 3 years

Let the percentage return = x %

So, According to question

x % of $ 8400 = $ 2200

Or, x % = $\frac{2200}{8400}$

Or, $\frac{x}{100}$ = $\frac{11}{42}$

∴  x = $\frac{11}{42}$ × 100

I.e x = 26.19

Hence The total percentage return is 26.19 Answer