If an investor buys $20,000 worth of stock by investing $11,000 of their own money, how much was borrowed?Multiple choice question.$9,000$11,000$31,000$20,000
Question
If an investor buys 11,000 of their own money, how much was borrowed?Multiple choice question.11,00020,000
Solution
The investor bought 11,000 of their own money. To find out how much was borrowed, you subtract the amount of their own money from the total worth of the stock.
So, 11,000 (investor's own money) = $9,000.
Therefore, the investor borrowed $9,000.
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