Question 1141477
20 years after purchasing shares in a mutual fund for ​$5,700, the shares are sold for ​$11,200. What is the annual return percentage?
<pre>This should be based on SIMPLE INTEREST, and so, A = P(1 + TR)
11,200 = 5,700(1 + 20R) ------- Substituting 11,200, $5,700, and 20 for A, P, and T, respectively 
Solve the above for R. 
You should get: {{{highlight_green(matrix(1,4, ".048245614,", or, 4.82, "%"))}}}

<b><u>OR</b></u>
Annual return percentage = {{{highlight_green(matrix(1,6, (("11,200" - "5,700")/"5,700")/20, "=", ".048245614,", or, 4.82, "%"))}}}