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OpenStudy (anonymous):
A company made a profit of $75,000 over a period of 6 years on an initial investment of $15,000. What is its annualized ROI?
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OpenStudy (anonymous):
Use the compound interest formula: \[A=I(1+i)^n\] Where A is the final amount of money, I is the initial investment, i is the interest rate and n is the time in years. If you substitute all the information you have into this formula, you can rearrange to find i. Does this help?
OpenStudy (anonymous):
I still don't get how to do it.
OpenStudy (anonymous):
The question didn't provide the interest rate?!
OpenStudy (anonymous):
I have a question can anyone answer?
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