You invest 15000 and after 12 years your investment is worth

You invest $15,000 and after 12 years your investment is worth $45,000. What is the rate of return on your investment? 3.3% 16.6% 30% 9.6%

INTIAL AMOUNT IS 15,000

AFTER 12 YERAS THE AMONUT WILL BE 45,000

SO DURING 12 YEARS THE INTEREST PAID IS 45,000-15,0000

=30,000 FOR 12 YEARS INTEREST

INTEREST FOR 1 YEAR IS 30,000/12 = 2500

SO RATE OF INTEREST PER YEAR IS 2500/15,000=16.66%

SO YOUR OPTION IS B i.e. 16.66%