john invested $12000 in a business on january 1 amd an adutional $2400 on april 1 . he withdraws $1440 in june 1 and invested $2
880 on october 1 . what was john's average monthly investment balance of the year?
1 answer:
Answer:
$1320
Step-by-step explanation:
Here we are given that from January to December , he made some investments and a withdrawal.
Investments : $12000 + $2400 + $2880
= $17280
Withdrawal = $1440
Total Balance in the investment fund at the year end = $17280-$1440
= $15840
Total Number of Month in a year = 12
Average Monthly income =

=1320
Hence his average monthly investment is $1320
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