Question

If you bought 1000 shares of a Vanguard Mutual Fund for $145 a share two years

ago and it is now worth $265. How much would you make if you sold the mutual
fund now?
$120,000
$145,000
$265.000
$1,200

Answer 1

The share price increased by $265-$145=$120
For 1000 shares, you make $120*1000=$120,000

Hope that helps :3

Answer 2

$120000

Explanation:

1000 X 145 = 145000

1000 X 265 = 265000

$265000 - $145000 = 120000