Question

Charlie borrows $900 add to his $100 so that he can purchase $1000 worth of stock. In 6 months, he sells his stock for $2500. How much money did he make on his investment?

Answer 1

Answer:

$1,500

Explanation:

$900 is what he had before borrowing $100.

900 + 100 = 1000

He sold his stock for $2,500.

2,500 - 1,000 = 1,500

Charlie made a profit of $1,500 in 6 months.