Assume that at the beginning of the year, you purchase an investment for $3,000 that pays $162 annual income. Also assume the investments value has increased to $3,450 by the end of the year.

(a)	What is the rate of return for this investment? (Input the amount as a positive value. Enter your answer as a percent rounded to 2 decimal places.)

Rate of return

(b)

Is the rate of return a positive or negative number?

	Positive return on investment
	Negative return on investment