5
QuizMultiple Choice

Saving and Investing

Question 5 • WA-Financial Education

Jade invests $3,000 in her retirement account her first year of work. After a year, she sees there is $3,180 in the account. What was the rate of return on the investment?

Answer
A
0%
B
6%
C
100%
D
180%

Explanation

The investment earned $3,180 − $3,000 = $180. Divide the gain by the original investment and convert to a percentage: ($180 ÷ $3,000) × 100 = 6%. The rate of return was 6%, choice B.

AI-written and checked against the verified answer.

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