Sharif's Portfolio Generated Returns of 10 Percent, 9 Percent, −2

question 100

Multiple Choice

Sharif's portfolio generated returns of 10 percent, 9 percent, −2 percent, and 6 percent over four years. What was his average return over this period?

• A) 5.75 percent
• B) 6.75 percent
• C) 23 percent
• D) 27 percent

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Definitions:

Evaluate

To calculate or determine the numerical value of an expression or equation.

Evaluate

The process of determining the value of a mathematical expression or equation.

Given

A term used in mathematics and logic to denote something that is assumed to be true or is provided as part of the problem statement.

Simplify

To simplify a mathematical expression or problem to its most basic version.