Answer :
To determine the annual rate of return to the nearest tenth of a percent, you simply need to choose the option that best represents an annual rate. Based on the provided options, the correct answer is:
D. [tex]\(38.1\%\)[/tex]
This means that the annual rate of return is 38.1%, and this is the figure that is most accurately represented in the choices provided. The other options do not match this figure as precisely, so option D is the best choice.
If you have any more questions or need further assistance with understanding annual rates of return, feel free to ask!
D. [tex]\(38.1\%\)[/tex]
This means that the annual rate of return is 38.1%, and this is the figure that is most accurately represented in the choices provided. The other options do not match this figure as precisely, so option D is the best choice.
If you have any more questions or need further assistance with understanding annual rates of return, feel free to ask!
