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Calculate the Rate of Return on an initial investment of $6,000 valued at $6,500. Responses8.3%8.3%6.5%6.5%4.3%4.3%9.5%

Question

Calculate the Rate of Return on an initial investment of $6,000 valued at $6,500. Responses8.3%8.3%6.5%6.5%4.3%4.3%9.5%
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Solution 1

The rate of return is calculated using the formula:

Rate of Return = (Final Value - Initial Value) / Initial Value * 100%

Here, the initial investment is 6,000andthefinalvalueis6,000 and the final value is 6,500.

So, the rate of return is:

Rate of Return = (6,5006,500 - 6,000) / $6,000 * 100%

Rate of Return = 500/500 / Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.

Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
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