Question

Annette invested R10 000 three years ago on a fixed deposit and received      R11 800 at maturity. She is also running a small tuck shop at a local school in which she initially invested R10 000 as start-up capital. The tuck shop has generated a profit of R3 600 in total over the past three years.

Answer 1

R3 600/R10 000 x 100 = 36%
36% / 3 = 12%