Based on the current value of the investment and its initial value, the rate of return is 8.33%.
What is the rate of return on this investment?
This can be found by the formula:
= (Current value - Initial value) / Initial value x 100%
Solving gives:
= (6,500 - 6,000) / 6,000 x 100%
= 500 / 6,000 x 100%
= 8.33%
Find out more on rates of return at https://brainly.com/question/3578105.
