You discover an antique in your attic that you purchased at an estate

You discover an antique in your attic that you purchased at an estate sale 10 years ago for $400.
You auction it on eBay and receive $8,000 for your item. What annual rate of return did you earn?

A) 200.00% B) 30.47% C) 34.93% D) 20.00%

 

 

ANSWER

C

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