00:01
In your question, you're working with what we call percent of change.
00:06
To find the percent of change, we take the new amount minus the original, and we divide that by the original amount.
00:20
So for your question, that's going to be the new amount is $11 ,600.
00:26
You're subtracting $7 ,800, and we would be dividing by $7 ,800.
00:33
That works out to be $3 ,800 divided by $7 ,800.
00:40
Which as a decimal works out to be 0 .4871794872.
00:50
You want your answer for total return written as a percent, so we would slide that decimal two places to the right, giving us 48 .7%, and i rounded at one decimal place.
01:09
Now, your annual return is found by taking your total return and dividing it by how many years that took...