Question

Assume that in 2014, in 1871 $20 double eagle sold for $17,000. what was the rate of return on this investment

Answer 1

The rate of return is the amount received on top of the cost of the initial investment divided by the initial investment made.

  Profit = $17,000 - $20
  Profit = $16,980

Dividing the calculated by the initial investment and the number of years.
      Rate of return = (($16980/$20)(100%) / (2014 - 1871)
      Rate of return = (84900%) / 143
                             = 593.71%

ANSWER: 593.71%