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

Question

3 years ago

13

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.
WRITER

Mathematics

1 answer:

Paul [167] · Answer 1 · 2021-11-11T07:32:39+03:00

Paul [167]3 years ago

6 0

No, it does not seem reasonable. The quarterly statement reports an increase of $47, so it would be a positive rate of return on the investment instead of a negative rate.