sophie3232 sophie3232

12-02-2018
Mathematics

contestada

If Eli showed a 8.9% ROI on his $8000.00 investment, how much was his return on his investment

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TheAakash TheAakash

12-02-2018

8.9% is equal to 0.089 because a percent is over a 100. So, you can just multiply the ROI by the investment to get:

[tex]0.089(8000) = 712 [/tex]

Your answer is: $712.

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12-02-2018

$8,000.00 represents 100%

$ ? represents 8.9 %

cross multiply ?=8.9·8,000/100=712

answer is $712 ROI

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