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You invested $1,200 in a mutual fund. Your account now has a value of $1,333. what was your gain?

User Nsvir
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2 Answers

5 votes

Answer:

133

Explanation:

User Gennadiy Litvinyuk
by
8.0k points
6 votes
You have invested 1200 dollars in your mutual fund and now gained 1333 dollars. First let's solve how much money added to your investment.
=> 1333 - 1200 = 133 dollars was added to your account
=> 133 / 1200 = 0.11
Next, lets convert this to decimal value.
=> 0.11 * 100% = 11% was added to you investment.
User Lentinant
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