Joanna is carrying her books to school in her backpack. Her library book weighs \dfrac{3}{8} 8 3 start fraction, 3, divided by
2 answers:
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Answer:
Return on investment (ROI) = 7%
Step-by-step explanation:
Given:
Amount invested = $10,000
Total amount get (refund) = $10,700
Find:
Return on investment (ROI) = ?
Computation:
Amount Return = Total amount get (refund) - Amount invested
Amount Return = $10,700 - $10,000
Amount Return = $700
Return on investment (ROI) = 7%
Take a look at the attachment to see the solution.
A = future value
P = principal (P = 12,000)
r = interest rate (r=6)
n = time periods (n=12)
A = future value
P = principal (P = 12,000)
r = interest rate (r=6)
n = time periods (n=12)