Answer:
The return on investment in dollar terms is $700
The return on investment as a percentage of cost of investment is 7%
Step-by-step explanation:
The return on investment is the value of the investment when liquidated minus the initial amount invested
Liquidated amount is $10,700
initial cost is $10,000
return on investment in dollar terms=$10,700-$10,000=$700
return on investment in % terms=dollar return on investment/initial cost of investment
dollar return is $700
initial cost of investment is $10,000
return on investment in % terms=$700/$10,000=7%
