17. Kirby Higbe started the year with investments valued at $11,500. At the end of two years...
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17. Kirby Higbe started the year with investments valued at $11,500. At the end of two years those same investments were worth $16,000. During the same time period the price index rose from 210 to 250. What was Kirby's annual real rate of return over the two-year period?
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Nikhil Dakoju
I hold a First Class Bachelor of Technology in Aerospace Engineering from SRM University (India) and a Master of Science in Aerospace Dynamics from Cranfield University (UK). Currently I am working as a freelancer researcher focusing on developing new-age multi-domain cross-disciplinary innovations for sustainable and safer aerospace life for both industry and general public. I also have plans to gain a doctoral research degree in the future.
Alongside my schoolwork, I was the first one to have worked for 2 years as Secretary of Sri Ramanujan Mathematics Club of SRM University which helped me to refine essential life skills such as tutoring, teamwork, commitment and planning. This role taught me soft skills such as time management, communicating with a diverse range of people and applying my mathematical and lateral thinking to teachings in a class. As the Secretary, on the successful organisation of conducting major mathematical events and festivals, I received recognition for my mentoring qualities.
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Related Book For 
Investments
ISBN: 9788120321014
6th Edition
Authors: William F. Sharpe, Gordon J. Alexander, Jeffery V. Bailey
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