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yarga [219]
3 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...
Mathematics
2 answers:
Colt1911 [192]3 years ago
8 0
The correct answer to this question is 75%
Svetllana [295]3 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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