Question

If you bought a stock for $45 dollars and could sell it fifteen years later for three times what you originally paid. What was your return on owning this stock?

Answer 1

Answer:

90$

Step-by-step explanation:

45$

45*3=135

But your return was 3 times the price, so subtract a 45.

135-45=90$

Answer 2

Answer: $90

Step-by-step explanation:

Given : The cost of one stock = $45

And the value of that stock after 15 years is 3 times the paid price.

i.e. The value of that stock after 15 years = $3\times45=\ 135$

Then, the return on owning this stock = $\text{Value after 15 years -Paid price}$

$=\ 135-\ 45=\ 90$

Therefore, the return on owning this stock = $90