Question

Mark invested $2,000 in a mutual fund for two years. After this time, the mutual fund had increased n value by $100. What interest rate has mark earned?

Answer 1

@jim_thompson5910

Answer 2

@Directrix

Answer 3

I don't know how the interest on mutal funds is compounded, e.g., quarterly, yearly, or maybe continuously. If you know, post that information. I will see what I find on one of these business sites.