Juan has invested $3500 in a stock transaction. He later sold the stock and received $4553.50. What was Juan's return on investment (ROI) ?

A.) about 23.1%

B.) about 130%

C.) about 76.9%

D.) about 30.1%

Question

Laney Stein

Mathematics

13 November, 04:13

Juan has invested $3500 in a stock transaction. He later sold the stock and received $4553.50. What was Juan's return on investment (ROI) ?

A.) about 23.1%

B.) about 130%

C.) about 76.9%

D.) about 30.1%

+2

Answers (1)

Know the Answer?

Cedric Evans · Answer 1

Basic ROI formula = (Gain - Cost) / Cost

ROI = (4553.50 - 3500) / 3500

ROI = 0.3010

The total ROI for Juan's investment is approximately 30.1%, the answer should be D.

Juan has invested $3500 in a stock transaction. He later sold the stock and received $4553.50. What was Juan's return on investment (ROI) ?A.) about 23.1%B.) about 130%C.) about 76.9%D.) about 30.1%

Juan has invested $3500 in a stock transaction. He later sold the stock and received $4553.50. What was Juan's return on investment (ROI) ?

A.) about 23.1%

B.) about 130%

C.) about 76.9%

D.) about 30.1%