Kyle buys $30,000 of company XYZ's shares, at a share price of $50. A year later, XYZ's share price is $55, and Kyle sells all his shares. How many dollars did Kyle's investment gain

$3,000

Step-by-step explanation:

Given that the shares are $50 per share and that Kyle buys $30,000 worth of shares,

Number of shares bought = total price of shares ÷ price per share

= $30,000 ÷ $50

= 600 shares

We are also give that a year later, the shares are worth $55

Total value of shares 1 year later = Price per share one year later x number of shares

= $55 x 600

= $33,000

Hence the investment gained $33,000 - $30,000 = $3,000

step-by-step explanation:

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step-by-step explanation: