hernandezs1324 hernandezs1324
  • 22-06-2024
  • Mathematics
Answered

Mia invests $5,000 in an index fund. After 1 year, the fund's share price has increased by 4%. How much did Mia gain? dollars



Answer :

Marver1ck
Marver1ck Marver1ck
  • 22-06-2024

Answer:

$200

Step-by-step explanation:

Gain = Initial investment · Percentage increase

4% = 0.04

We take

5000 · 0.04 = $200

So, Mia gained $200 from her investment.

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