An investor in the United States bought a one-year Brazilian security valued at 360,000 Brazilian reals (R$). The U.S. dollar equivalent was $310,000. The Brazilian security earned 14 percent during the year, but the Brazilian real depreciated 5 cents against the U.S. dollar during the time period ($.86 to $.81).
After transferring the funds back to the United States, what was the investor’s return on her $310,000? (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.)
Investor's rate of return in U.S. terms