Answer:
$3,000
Step-by-step explanation:
Given that the shares are $50 per share and that Kyle buys $30,000 worth of shares,
Number of shares bought = total price of shares ÷ price per share
= $30,000 ÷ $50
= 600 shares
We are also give that a year later, the shares are worth $55
Total value of shares 1 year later = Price per share one year later x number of shares
= $55 x 600
= $33,000
Hence the investment gained $33,000 - $30,000 = $3,000