For an investment of $26,245, a quarterly statement reports that the account balance is $26,292. The statement also reports that for the same quarter, the rate of return on the investment was - 0.02%. Given the information regarding the investment's quarterly activity, is the reported rate of return reasonable? Use complete sentences to explain your answer.

Question

tkhunny · Answer

What do you think?  What was the percentage decrease?

jackthegreatest · Answer

ok a negative percentage would mean a negative change in money