SOLUTION: If Sam invested $3,000 and he earned $300 over six months, the return is _____.

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Question 882944: If Sam invested $3,000 and he earned $300 over six months, the return is _____.
Answer by JulietG(1812) About Me  (Show Source):
You can put this solution on YOUR website!
Assuming that it is simple interest, he earned 10% in six months. How much is that over a year? 20%
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That's a huge rate of return. I'd like to have Sam's broker's phone number, please!