A man invested 50,000 in a business that gives annual dividends at 8%. After two years, the business could then afford to give 12% dividends. After another three years, how much dividends did the man get from his investment?
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Answer:
18% (18% of 50 000 is 9000)
Step-by-step explanation:
it increased 4% in 2 years so 2% in 1 year the question asked how much dividends did the man get from his investment in 3 years so 3 years is 6% but the man already earned 12% so 12% + 6% = 18%