jonathandollan
Answered

Juan has invested $3500 in a stock transaction. He later sold the stock and received $4553.50. What was Juan's return on investment (ROI)?

A.) about 23.1%

B.) about 130%

C.) about 76.9%

D.) about 30.1%

Answer :

jacquelinedlc
Basic ROI formula = (Gain - Cost)/Cost

ROI = (4553.50 - 3500)/3500
ROI = 0.3010

The total ROI for Juan's investment is approximately 30.1%, the answer should be D.  

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