ForrestWragg ForrestWragg

06-08-2014
Mathematics

Answered

Andrew invested $20,000 in mutual funds and received a sum of $35,000 at the end of the investment period. Calculate the ROI.

Verified Answer :

Anonymous Anonymous

06-08-2014

Answer: $15,000

As $35,000-$20,000=$15,000.

That's basically the profit he had made, or the return on his investment (ROI).

As he already had $20,000, he had "only" made $15,000.

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