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marshall27 [118]
3 years ago
9

The original cost of Sam’s investment is $10,000. After liquidating the investment, Sam calculated his real return to be $10,700

. What is the return on investment (ROI)?
Mathematics
1 answer:
Sati [7]3 years ago
7 0

Answer:

7%

Step-by-step explanation:

Step one:

given data

The original cost of Sam’s investment is $10,000

Sam calculated his real return to be $10,700

Required:

the interest made from the investment is

10700-10000= $700

Step two:

The ROI is a percentage that tells us the interest made

interest/investment*100

=700/10000*100

=0.07*100

= 7%

The ROI is 7%

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Step-by-step explanation:

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Step-by-step explanation:

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