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9 July, 03:42

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%

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  1. 9 July, 04:03
    0
    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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