Question

You invested $2,000 in the stock market one year ago. Today, the investment is valued at $1,520. What return did you earn? (Negative answer should be indicated by a minus sign.)

Answer 1

-24 %

Step-by-step explanation:

The amount invested is $2000

The current value is $ 1520

The difference in value is $2,000 - $1,520

= $2,000 - $ 1,520

=-$480

The return would be 480/2000 x 100

=0.24 x 100

=- - 24%