Juan has invested $3500 in a stock transaction. He later sold the stock and received $4553.50. What was Juan's return on investm

Question

katovenus [111]

3 years ago

5

Juan has invested $3500 in a stock transaction. He later sold the stock and received $4553.50. What was Juan's return on investm

ent (ROI)?
A.) about 23.1%

B.) about 130%

C.) about 76.9%

D.) about 30.1%

Mathematics

1 answer:

denis-greek [22] · Answer 1 · 2022-06-08T03:22:36+03:00

denis-greek [22]3 years ago

3 0

Basic ROI formula = (Gain - Cost)/Cost

ROI = (4553.50 - 3500)/3500
ROI = 0.3010

The total ROI for Juan's investment is approximately 30.1%, the answer should be D.