SOLUTION: I invest $1,400.00 and in 1year I receive $4,800.00 what is my rate of return or %.

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Question 795813: I invest $1,400.00 and in 1year I receive $4,800.00 what is my rate of return or %.
Answer by Alan3354(69443) About Me  (Show Source):
You can put this solution on YOUR website!
I invest $1,400.00 and in 1year I receive $4,800.00 what is my rate of return or %.
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Is $4800 the total amount?
If total, interest = $3400.
3400/1400 =~ 2.4286
=~ 243%
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