Question

If you bought a stock for $45 dollars and could sell it fifteen years later for three times what you originally paid. What was your return on owning this stock?

Answer 1

90$

Explanation:

45$

45*3=135

But your return was 3 times the price, so subtract a 45.

135-45=90$

Answer 2

Answer: $90

Explanation:

Given : The cost of one stock = $45

And the value of that stock after 15 years is 3 times the paid price.

i.e. The value of that stock after 15 years =
`3*45=\$135`

Then, the return on owning this stock =
`\text{Value after 15 years -Paid price}`

`=\$135-\$45=\$90`

Therefore, the return on owning this stock = $90