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Vadim26 [7]
3 years ago
11

Calculate the ROI, given the following: Andrew invested $20,000 in mutual funds and received a sum of $35,000 at the end of the

investment period.
Mathematics
2 answers:
Sloan [31]3 years ago
6 0

Answer:

ROI = 75%

Step-by-step explanation:

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

His gain from mutual fund = $35,000 - $20,000 = $15,000.

Return of Investment (ROI) = (Gain Amount / Investment Amount) *100

ROI = ($15,000 / $20,000) *100

ROI = 0.75 *100

ROI = 75%

Hence, his ROI from mutual fund was 75% of his investment.

Dennis_Churaev [7]3 years ago
3 0
We are given with an initial deposit of  $20,000 and a future worth of <span>$35,000. In this case, we are asked for the return of income (ROI) of the investment. in this case, we assume the number of years equal to 1. hence, 

</span>$35,000 = <span>$20,000* (1+i) ^1
</span>i or ROI then is equal to 0.75
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