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For the Given Investment, Assume That There Is No Opportunity  Amount  Monthly Percentage  Invested  Return $28402.2%\begin{array} { c c } \text { Amount } & \text { Monthly Percentage } \\\text { Invested } & \text { Return } \\\$ 2840 & 2.2 \%\end{array}

Question 116

Multiple Choice

For the given investment, assume that there is no opportunity for reinvestment of returns. Find the monthly return,
annual return, or annual percentage return as indicated.
-  Amount  Monthly Percentage  Invested  Return $28402.2%\begin{array} { c c } \text { Amount } & \text { Monthly Percentage } \\\text { Invested } & \text { Return } \\\$ 2840 & 2.2 \%\end{array} Find the annual percentage return.


A) 26.4%
B) 22%
C) 749.76%
D) 29.8%

Correct Answer:

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