If Eli showed a 8.9% ROI on his $8000.00 investment, how much was his return on his investment
2 answers:
8.9% is equal to 0.089 because a percent is over a 100. So, you can just multiply the ROI by the investment to get:
Your answer is:
$712.
$8,000.00 represents 100%
$ ? represents 8.9 %
cross multiply ?=8.9·8,000/100=712
answer is $712 ROI
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