Question

Property A's return during the past 10 years are as followed: 2007 11% 2008 12% 2009 -5% 2010 -2% 2011 1% 2012 10% 2013 8% 2014 10% 2015 12% 2016 12% what is the average return of Property A? A. 5.9% B. 6.8% C. 6.90% D. 10%

Answer 1

Answer: 6.9%

Step-by-step explanation:

The average return of Property A will be calculated by adding all the returns for each year and then divided by the total number of years which is 10. This .

will be:

= (11% + 12% - 5% -2% + 1% +10% + 8% + 10% + 12% + 12%) / 10

= 69% / 10

= 6.9%