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What is the annualized rate of return on investments

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1. Mrs. Kapoor has been accumulating mutual funds over the past two years. She decides to sell her holdings on January 31, 2017, on which date the value of her investments is as shown below. What is the annualized rate of return on her investments?

Purchase date - Dec 10 2014 Purchase cost 10,000 Market value as on Jan 31, 2017 is 13000

Purchase date - May 15 2015 Purchase cost 15,000 Market value as on Jan 31, 2017 is 16000

Reference no: EM132584893

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