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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

19-10-2020

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Answer:

77.42%

Step-by-step explanation:

The increase in value is ...

(11000/6200 -1) × 100% ≈ 77.42%

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