Question

1. Money to Invest $1,000.00 Return 2% Gain(Loss) $20.00, What woul
be the Total? *

Answer 1

Total gain = $(1000 + 20) = $1020

Total loss = $(1000 - 20) = $980

Step-by-step explanation:

Amount Invested = $1,000

Gain(loss) = 2% = 0.02 × 1000 = $20

Total gain = Amount invested + gain

Total gain = $(1000 + 20) = $1020

Total loss = Amount invested - loss

Total loss = $(1000 - 20) = $980