A woman invests $5,000 in a business and expects a return of 15% after one year.
Practice Questions
Q1
A woman invests $5,000 in a business and expects a return of 15% after one year. What will be her total return?
$5,750
$6,000
$5,500
$5,250
Questions & Step-by-Step Solutions
A woman invests $5,000 in a business and expects a return of 15% after one year. What will be her total return?
Step 1: Understand the investment amount ($5,000).
Step 2: Know the expected return rate (15%).
Step 3: Calculate the return amount by multiplying $5,000 by 0.15 to get $750.
Step 4: Add the return amount ($750) to the original investment ($5,000) to get the total return ($5,750).
Investment Return Calculation – Understanding how to calculate the total return on an investment by applying the expected percentage return to the initial investment amount.
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