The product of two rational numbers is -14/45. If one of the no. is -7/9 find the other no.
2 answers:
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Answer:
-46.91%
Step-by-step explanation:
Given:
Cost of buying the shares = $53,500
Selling cost of the shares = $3,300
Number of years = 2
Since the selling cost is less than the buying cost, therefore the statement for the loss can be verified
Now,
The loss = Selling cost - cost of buying = $3,300 - $53,500 = - $50,200
thus, the loss per year = = -$25100
Hence,
Rate of return =
or
Rate of return =
or
Rate of return = -46.91%