John invested R1000 and by the end of a year he earned R50 interest. By what percentage did his investment grow?

Question

asked Oct 20, 2024 71.8k views

2 Answers

Sungho · Answer 1 · 2024-10-20T17:07:48+0000

Answer:

5%

Explanation:

he earned 50 so his investment grew from 1000 to 1050

now simply calculate the percentage change

(1050-1000)/1000 *100

=5%