Question

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...

Answer 1

The correct answer to this question is 75%

Answer 2

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% .