The individual earned $115,650 from the investment of $450,000 in the onion export business
How to determine the individual's earnings?
To determine the earnings from an investment, use the formula:
![\[ \text{Earnings} = \text{Principal} * \text{Rate of Return} \]](https://img.qammunity.org/2024/formulas/mathematics/college/o6tpkduag3b6lv7p09v3wxx3mz62022uq4.png)
Given:
Principal investment
= $450,000
Rate of return
= 25.7%
Therefore, the calculation for the earnings is:
![\[ \text{Earnings} = \$450,000 * 0.257 = \$115,650 \]](https://img.qammunity.org/2024/formulas/mathematics/college/mnep6fnaagif8d7q12txvtmye88o5hhfbw.png)
Hence, the individual earned $115,650 from the investment of $450,000 in the onion export business.
Translated question:
A person invested $450,000 in a business related to the export of onions and earned 25.7%. How much did he earn?