Josh invested $12,000 in mutual funds and received a sum of $20,000 at the end of the investment period. Calculate the ROI.
1 answer:
Answer:
ROI = 66.67%
Step-by-step explanation:
Given:
josh investment= $12,000
Received sum= $20,000
ROI=?
ROI is the return on investment that gives the loss or gain in any investment and is calculated by the following formula:
ROI= (interest/investment) x 100
Finding interest:
interests= received sum- investment
= 20,000-12,000
=8000
Putting values in ROI formula we get:
ROI= (8000/12000) x 100
= 66.67%
Hence the return on investment is 66.67%!
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