PERSONAL FINANCE
PERSONAL FINANCE
5th Edition
ISBN: 9781308498706
Author: Kapoor
Publisher: McGraw Hill
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Chapter 13, Problem 8FPP
Summary Introduction

To calculate:

Interest amount.

Introduction: Rate of return is the amount that an investor earns over an investment in a particular period of time with relation to initial investment. It is calculated by dividing return from initial investment amount in percentage terms.

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