Andrew invested $20,000 in mutual funds and received a sum of $35,000 at the end of the investment period. Calculate the ROI.
1 answer:
Answer: $15,000
As $35,000-$20,000=$15,000.
That's basically the profit he had made, or the return on his investment (ROI).
As he already had $20,000, he had "only" made $15,000.
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