Question

Can anyone help me out? I’ll give Brainly! Thank you :)

Answer 1

Answer:

The rate of return is 14%

Step-by-step explanation:

The rate of return can be determined by,

RR = $\frac{A_{f} - A_{i} }{A_{i} }$ x 100%

where:

RR is the rate of return

$A_f}$ is the final amount = $690 -  $6 = $684

$A_{i}$ is the initial amount = $15 x 40 = $ 600

So that,

RR = $\frac{684 - 600}{600}$ x 100%

     = 0.14 x 100%

     = 14%

Therefore, the rate of return is 14%.