Answered

Discover answers to your most pressing questions at Westonci.ca, the ultimate Q&A platform that connects you with expert solutions. Explore a wealth of knowledge from professionals across different disciplines on our comprehensive platform. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform.

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

Sagot :

Marver1ck

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.

Thanks for using our platform. We're always here to provide accurate and up-to-date answers to all your queries. We appreciate your time. Please revisit us for more reliable answers to any questions you may have. We're dedicated to helping you find the answers you need at Westonci.ca. Don't hesitate to return for more.