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?

Question

anonymous · Answer

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?

anonymous · Answer

I still don't get how to do it.

anonymous · Answer

The question didn't provide the interest rate?!

anonymous · Answer

I have a question can anyone answer?