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

asked Jan 13, 2021 84.1k views

2 votes

by Smek

4.2k points

Please log in or register to add a comment.

4 votes

9514 1404 393

Answer:

77.42%

Explanation:

The increase in value is ...

(11000/6200 -1) × 100% ≈ 77.42%

Wolfie answered Jan 18, 2021

4.1k points

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

4.4m questions

5.7m answers