Multiple Choice
Stephen's grandmother deposited $100 in an investment account for him when he was born, 25 years ago. The account is now worth $1,500. What was the average rate of return on the account?
A) 6.00%
B) 16.67%
C) 15.00%
D) 11.44%
Correct Answer:
Verified
Correct Answer:
Verified
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