Question

Alex made an investment of $25,678 which had a return rate of 2.7% in the first year, 5.87% in the next year and 3.89% in the third year. What is the average rate of return on Alex’s investment? A. 3.95% B. 4.05% C. 3.75% D. 3.50%

Answer 1

Answer: B

Step-by-step explanation: Without doing any math you just take the sum of the return rates and /3 so you know the answer is 4.15 so the closest answer to that is 4.05. Without knowing how to calculate APR that is the only option as an answer