Question

A bank offers $10 in interest for your one-year deposit of $500
ROI=

Answer 1

ROI= 2%

first step is to find the percentage of 10$ in 500$

second step is to calculate how much will be returned

Answer 2

Answer: ROI = 2%

Explanation:

The bank offers $10 in interest for a one-year deposit of $500. To calculate the ROI, we divide the interest earned ($10) by the initial deposit ($500):

ROI = (Interest Earned / Initial Deposit) * 100

ROI = ($10 / $500) * 100

ROI = 2%

Therefore, the ROI for this one-year deposit is 2%.

This means that for every dollar you invest, you earn a return of 2 cents