You invest 2400 dollars in a mutual fund on January 1

Finance Dec 17, 2021

You invest 2400 dollars in a mutual fund on January 1. On a June 1, your fund balance is 7200 dollars, and you then deposit 1400 dollars additionally. On the following January 1, you calculate that your dollar-weighted rate of return for the year was 51.7 percent. What was your time-weighted rate of return for the year (in percents)?