Question

Andrew invested $20,000 in mutual funds and received a sum of $35,000 at the end of the investment period. Calculate the ROI. I need the perentage...

Answer 1

the correct answer to this question is 75%

Answer 2

ROI is 75% .

Explanation:

Formula

`ROI = ((Final\ value\ of\ investment-Initial\ value\ of\ investment)* 100)/(Initial\ value\ of\ investment)`

As given

Andrew invested $20,000 in mutual funds and received a sum of $35,000 at the end of the investment period.

Final value of investment = $35000

Initial value of investment = $20000

Put all the values in the formula

`ROI = ((35000-20000)* 100)/(20000)`

`ROI = (15000* 100)/(20000)`

`ROI = (1500000)/(20000)`

ROI = 75%

Therefore ROI is 75% .