The the total return is %.

(Do not round until the final answer. Then round to one decimal place as needed.)

Part 2

The annual return is%.

(Do not round until the final answer. Then round to one decimal place as needed.)

Compute the total and annual returns on the following investment. Sixteen years after purchasing shares in a mutual fund for $6300, the shares are sold for $11,900. The the total return is %. (Do not round until the final answer. Then round to one decimal place as needed.)