Assume You Purchased a Rental Property for $100,000 and Sold

Multiple Choice

Assume you purchased a rental property for $100,000 and sold it one year later for $115,000 (there was no mortgage on the property) .At the time of the sale,you paid $3,000 in commissions and $1,000 in taxes.If you received $10,000 in rental income (all received at the end of the year) ,what annual rate of return did you earn?

A) 6%
B) 11%
C) 20%
D) 25%