Alex made an investment of $25,678 which had a return rate of 2.7% in the first year, 5.87% in the next year and 3.89% in the third year. What is the average rate of return on Alex's investment? A. B. 3.95% 4.05% C. 3.75% D. 3.50%

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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Alex made an investment of $25,678 which had a return rate of 2.7% in the first year, 5.87% in the next year and 3.89% in
the third year. What is the average rate of return on Alex's investment?
A.
B.
3.95%
D.
4.05%
C. 3.75%
3.50%
Transcribed Image Text:Alex made an investment of $25,678 which had a return rate of 2.7% in the first year, 5.87% in the next year and 3.89% in the third year. What is the average rate of return on Alex's investment? A. B. 3.95% D. 4.05% C. 3.75% 3.50%
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