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

Question

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] · Answer 1 · 2022-03-21T01:17:43+03:00

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] · Answer 2 · 2022-03-20T23:59:35+03:00

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