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

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3 years ago

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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 quarterly activity, is the reported rate of return reasonable?

Mathematics

1 answer:

earnstyle [38] · Answer 1 · 2022-05-23T00:26:27+03:00

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 quarterly activity, is the reported rate of return reasonable? No the rate should be 3.00%