Question

Josh invested $12,000 in mutual funds and received a sum of $20,000 at the end of the investment period. Calculate the ROI.

Answer 1

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%!