Answer:
Total gain = $(1000 + 20) = $1020
Total loss = $(1000 - 20) = $980
Explanation:
Amount Invested = $1,000
Gain(loss) = 2% = 0.02 × 1000 = $20
Total gain = Amount invested + gain
Total gain = $(1000 + 20) = $1020
Total loss = Amount invested - loss
Total loss = $(1000 - 20) = $980
