An Investment Earns 10% the First Year,15% the Second Year

question 50

Multiple Choice

An investment earns 10% the first year,15% the second year and loses 12% the third year.Your total compound return over the three years was ______.

• A) 41.68%
• B) 11.32%
• C) 3.64%
• D) 13.00%

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Definitions:

Tecumseh

A Native American leader of the Shawnee who became a significant military and political figure in the early 19th century. He sought to unify Indigenous tribes to resist the expansion of the United States into their territories.

Industrial Development

The process of establishing and growing industries within a country or region, often leading to economic growth and societal changes.

1790s

The decade from 1790 to 1799, marked by significant events like the French Revolution and the establishment of the U.S. federal government.

1824

The year notable for the United States presidential election where no candidate received a majority in the Electoral College, leading the House of Representatives to choose the president in a contingent election.