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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.)

Respuesta :

Answer:

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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