Pam buys 50 shares of stock at a cost of $82 per share. She sells all the stock 5 years later for $115 per share. Find the total return and annual return on her investment.

Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter3: Math Models
Section3.2: Solve Percent Applications
Problem 3.41TI: Jim loaned his sister $5,000 to help her buy a house. In 3 years, she paid him the $5,000, plus $900...
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Pam buys 50 shares of stock at a cost of $82 per share. She sells all the stock 5 years later for $115 per share. Find the total return and annual return on her investment.
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