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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):
Ok I'm assuming ROI stands for Rate Of Investment...So do you know how to start it?
OpenStudy (anonymous):
The question.
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):
yes thanks
OpenStudy (anonymous):
No problem
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