Answer:
The total percentage return is 26.19
Step-by-step explanation:
Given as :
The amount paid for three years = $ 2800
So, Total amount paid for three years = $ 2800 × 3 = $ 8400
The return amount after three years = $ 2200
The time period = 3 years
Let the percentage return = x %
So, According to question
x % of $ 8400 = $ 2200
Or, x % = [tex]\frac{2200}{8400}[/tex]
Or, [tex]\frac{x}{100}[/tex] = [tex]\frac{11}{42}[/tex]
∴ x = [tex]\frac{11}{42}[/tex] × 100
I.e x = 26.19
Hence The total percentage return is 26.19 Answer
