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in Grade 12 by Master (810k points)
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.

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by Master (810k points)
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R11 800 – R10 000   = R1 800
R1 800/R10 000 x 100 = 18%
18% / 3 =   6%
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