Question

Denny buys a rare coin for $200 and sells the coin 1 year later for $220. dennys rate of return is
A. 20%
B. 10%
C. 110%
D. 91%

Answer 1

Denny’s rate of return is 10%.

Answer 2

the answer is 91% because you would take the 200 and divide it by 220 and then you would get 0.909090 you would then round it up so it would be 91%