one year ago you invested $5000. today your investment is worth $6178.40. What rate of interest...

one year ago you invested $5000. today your investment is worth $6178.40. What rate of interest did you earn?

Expert Solution

Rate of interest earned=(Investment now-Investment made)/Investment made*100

=(6178.4-5000)/5000*100

=23.568%

jeff jeffy answered 2 years ago

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