A man pays 30 times the annual rent to purchase a building. The rate % per annum he derives from his investment is:
A. 2%
B. 3%
C. 4%
D. 5/3 %
E. 10/3%
A man pays 30 times the annual rent to purchase a building. The rate % per annum he derives from his investment is:
A. 2%
B. 3%
C. 4%
D. 5/3 %
E. 10/3%
Hi fcabanski,
As I understand annual rate of return is the rate returned on investment after a period of 1 year.