Tamara purchased 1,500 shares of a mutual fund at an offer price of 7.08 per share. Later she sold the investment for 10.02 per share. During the time Tamara owned the shares, the fund paid a dividend of 0.21 per share. What was her return on investment? (Round to nearest tenth percent)
A) 44.5
B) 5.1
C) 4.5
D) 9.8
Question 2
Artigas Engineering received a promissory note of 8,500 at 8 simple interest for 14 months from one of its customers. After 9 months, Yankee Bank discounted the note at a discount rate of 10. Calculate the proceeds that Artigas Engineering will receive from the discounted note.
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