Five years ago a chemical engineer deposited 10000 into an a

Five years ago, a chemical engineer deposited $10,000 into an account and left it undisturbed until now. the account is now worth $25000.

(a) What was the overall ROR during the 5 years?

Solution

a) The overall ROR during the 5 Years = [25000 - 10000 / 10000 ] * 100

= 150 %

Conclusion:- Overall rate of return (ROR) during the 5 years = 150 %