Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter29: Interest, Rent, And Profit
Section29.1: Interest
Problem 1ST
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Define the term
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Return on investment measures the performance which is used to evaluate the efficiency of an investment or in other words, it is used to compare the efficiency of different numbers of investment. It measures the amount of return on a particular investment, relative to the investment’s cost.
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