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2 years ago

12

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

need the perentage...

2 answers:

Colt1911 [192]2 years ago

8 0

The correct answer to this question is 75%

Svetllana [295]2 years ago

5 0

Answer:

ROI is 75% .

Step-by-step explanation:

Formula

$ROI = \frac{(Final\ value\ of\ investment-Initial\ value\ of\ investment)\times 100}{Initial\ value\ of\ investment}$

As given

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

Final value of investment = $35000

Initial value of investment = $20000

Put all the values in the formula

$ROI = \frac{(35000-20000)\times 100}{20000}$

$ROI = \frac{15000\times 100}{20000}$

$ROI = \frac{1500000}{20000}$

ROI = 75%

Therefore ROI is 75% .

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3 years ago

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Answer:

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Step-by-step explanation:

From the question we are told that

The first offer is $x_1 = \$ 8000$

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Generally expectation is mathematically represented as

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