2. If a stock price went from $100 to $110 per share in a year, what was its annual rate of return? (A) 0.05 (B) 0.10 (C) 0.15 (D) 0.20 (E) 0.25

Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter10: Exponential And Logarithmic Functions
Section10.2: Applications Of Exponential Functions
Problem 25PS
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2. If a stock price went from $100 to $110 per share in a year, what was its annual rate
of return? (A) 0.05 (B) 0.10 (C) 0.15 (D) 0.20 (E) 0.25
Transcribed Image Text:2. If a stock price went from $100 to $110 per share in a year, what was its annual rate of return? (A) 0.05 (B) 0.10 (C) 0.15 (D) 0.20 (E) 0.25
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