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21 August, 22:28

An investor invested $13,000 in the stock market. At the end of one year, she sold her stock for $18,800. What was her rate of return for that investment? (Round your answer to the nearest tenth of a percent.)

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  1. 21 August, 23:41
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    Rate of return on investment is 44.6 %

    Explanation:

    Cost of investment on stock market $ 13,000

    Sales price of invested stock $ 18.800

    Value of gain in sale $ 5.800

    Rate of return on investment =

    Gain / Cost of investment

    $ 5,800 / $ 13,000 = 44.6 %
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