Determine the return on investment
Question: Ray Seo has 5,000 dollar to invest in a small business. His partner has promised to pay him back 8,200 dollar in next five years. Determine the return earned on this investment?
[A] 11.1%
[B] 10.4%
[C] 9.3%
[D] 8.7%
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Ray Seo has 5,000 dollar to invest in a small business. His partner has promised to pay him back 8,200 dollar in next five years. Determine the return earned on this investment?
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