Question

A pension fund invests $55,400 in utility stocks and earns 14% per year on the investment. How much money is earned per year?

Answer 1

In this question , it is given that

A pension fund invests $55,400 in utility stocks and earns 14% per year on the investment.

We have to find amount of money earned per year and for that we have to find 14% of 55400 which is

`=0.14*55400 = $7756`

So he earner $7756 per year by investing $55,400 in utility stocks .