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Mia invests $12,000 in an index fund. After 1 year, the fund's share price has increased by 4%. How much did Mia gain?

Mia invests $12,000 in an index fund. After 1 year, the fund's share price has increased by 4%. How much did Mia gain?
asked 41.6k views
2 votes
Mia invests $12,000 in an index fund. After 1 year, the fund's share price has increased by 4%. How much did Mia gain?

asked
User Rafal Malek
by
7.7k points

1 Answer

2 votes

Answer:

480

Explanation:

4% of 12000

4/100 * 12000/1

120 * 4

=480

answered
User Allejo
by
8.7k points
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