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Maurinko [17]
3 years ago
8

By investing in a John Deere PowerTech engine for $3,200, a pallet manufacturer was able to show a net savings of $500 in annual

maintenance costs. Calculate the return on investment for the engine.A. 15.6 percent
B. 1.6 percent
C. 6.4 percent
D. 32 percent
E. 21.3 percent
Business
1 answer:
Verizon [17]3 years ago
7 0

Answer:

15.6%

Explanation:

Investment = $3200

Net savings = $500

Investment returns in % = Net savings/Investment × 100

= 500/3200 × 100

= 0.15625 × 100

= 15.6%

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