Mathematics, 23.11.2020 01:00 mariarodriguezout9cj
Brandon purchases 95 shares of a stock for $45.49. In 5 years, he sells the stock for $4,533.52. He calculates his ROI, shown below. Did he do this correctly? If not, what error did he make?
the quantity 4533 point 52 minus 45 point 49 times 95 over 45 point 49 times 95equals 4 point 9 percent ROI(4 points)
Yes, he solved it correctly.
No, he divided by the wrong number.
No, he should have a negative ROI.
No, he incorrectly calculated his initial investment.
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