Answer:
The rate of return is 61.3%.
Step-by-step explanation:
Rate of return is given by:
[tex]\frac{current price - original price}{original price}\times100[/tex]
= [tex]\frac{1775-1100}{1100} \times100[/tex]
= [tex]\frac{675}{1100} \times100[/tex]
= 61.36% ≈ 61.3%
Hence, the rate of return is 61.3%.
