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Sixteen years after purchasing shares in a mutual fund for $6200, the shares are sold for $11,000. The the total return is %. ​
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Sixteen years after purchasing shares in a mutual fund for $6200, the shares are sold for $11,000. The the total return is %. ​

User Smek
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1 Answer

4 votes

9514 1404 393

Answer:

77.42%

Explanation:

The increase in value is ...

(11000/6200 -1) × 100% ≈ 77.42%

User Wolfie
by
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