Engineering Board Exam Reviewer · Engineering Management · medium
A project requiring an investment of ₱2,000,000 earns a net annual profit of ₱300,000. What is its simple rate of return on investment?
- 6.67%
- 30%
- 1.5%
- 15%
Answer
D. 15%
Solution
ROI = 300,000/2,000,000 = 15%.
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