SOLUTION: Debra has $100,000 to invest and needs to earn $30,000 per year from that investment. What should be the return on investment for her to achieve this?
Algebra ->
Customizable Word Problem Solvers
-> Finance
-> SOLUTION: Debra has $100,000 to invest and needs to earn $30,000 per year from that investment. What should be the return on investment for her to achieve this?
Log On
Question 1007961: Debra has $100,000 to invest and needs to earn $30,000 per year from that investment. What should be the return on investment for her to achieve this? Answer by fractalier(6550) (Show Source):
You can put this solution on YOUR website! Well, to make $30,000 on an investment of $100,000 in one year, she would need to earn
30000/100000 = .3 = 30% on her money
