rachelanane
rachelanane rachelanane
  • 18-10-2020
  • Mathematics
contestada

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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sqdancefan
sqdancefan sqdancefan
  • 19-10-2020

9514 1404 393

Answer:

  77.42%

Step-by-step explanation:

The increase in value is ...

  (11000/6200 -1) × 100% ≈ 77.42%

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