Question

During the last four years, a certain mutual fund had the following rates of return:

Year	Rate of Return
2014	3.6%
2015	5.4%
2016	4.9%
2017	2.1%

At the beginning of 2014, Alice invested $2,318 in this fund. At the beginning of 2015, Bob decided to invest some money in this fund as well. How much did Bob invest in 2015 if, at the end of 2017, Alice has 25% more than Bob in the fund?

Round your answer to the nearest dollar.

Suppose that 11 years ago, you purchased shares in a certain corporation's stock. Between then and now, there was a 2:1 split and a 4:1 split. If shares today are 72% cheaper than they were 11 years ago, what would be your rate of return if you sold your shares today?

Round your answer to the nearest tenth of a percent.

Answer 1