Sharif's portfolio generated returns of 12 percent, 15 percent, - 15 percent, 19 percent, and - 12 percent over five years. What was his average return over this period?

3.8 percent

2.1 percent

17 percent

19 percent

Question

Felipe Burgess

Mathematics

3 March, 14:09

Sharif's portfolio generated returns of 12 percent, 15 percent, - 15 percent, 19 percent, and - 12 percent over five years. What was his average return over this period?

3.8 percent

2.1 percent

17 percent

19 percent

+1

Answers (1)

Know the Answer?

Jacqueline Mercer · Answer 1

3.8 percent

Step-by-step explanation:

To find his average return over n years, we sum all of his returns, and divide by n.

In this problem:

5 years.

The sum is (12 + 15 - 15 + 19 - 12) = 19

19/5 = 3.8

So the correct answer is:

3.8 percent

Sharif's portfolio generated returns of 12 percent, 15 percent, - 15 percent, 19 percent, and - 12 percent over five years. What was his average return over this period?3.8 percent2.1 percent17 percent19 percent

Sharif's portfolio generated returns of 12 percent, 15 percent, - 15 percent, 19 percent, and - 12 percent over five years. What was his average return over this period?

3.8 percent

2.1 percent

17 percent

19 percent