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20 January, 17:07

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

+5
Answers (1)
  1. 20 January, 20:22
    0
    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
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