A 6-month (182-day) investment of CAD 15,500,000.00 yields a return of CAD 100,000.00. What is the rate of return?
A) 1.32%
B) 1.29%
C) 1.28%
D) 0.65%

Question

Quizplus · Accepted Answer

The rate of return can be calculated using the formula:Rate of return = (Return / Investment) x (365 / Days) x 100Substituting the given values:Rate of return = (100,000 / 15,500,000) x (365 / 182) x 100= 1.28%

A 6-Month (182-Day) Investment of CAD 15,500,000