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Michael sold property for much more than he originally paid. The difference between the price he paid for the property and the price for which he sold it is: O simple interest. O capital gains. O capital
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Michael sold property for much more than he originally paid. The difference

between the price he paid for the property and the price for which he sold it is:
O simple interest.
O capital gains.
O capital goods.
O compound interest.

User Angerman
by
8.0k points

1 Answer

8 votes

Answer:

Capital Gains

Explanation:

selling for more than you bought is a gain

User Eric Rohlfs
by
7.7k points
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