If an investor buys $20,000 worth of stock by investing $11,000 of their own money, how much was borrowed?Multiple choice question.$31,000$11,000$9,000$20,000

Question

If an investor buys $20,000 worth of stock by investing $11,000 of their own money, how much was borrowed?Multiple choice question.$31,000$11,000$9,000$20,000
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Solution 1

The investor bought $20,000 worth of stock and used $11,000 of their own money. To find out how much was borrowed, you subtract the amount of their own money from the total cost of the stock.

Here's the calculation:

$20,000 (total cost of stock) - $11,000 (investor's own money) = $9,000

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Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv

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