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Samuel invested $210 per acre for seed, fertilizer, fuel, depreciation, and land use. If he grosses$220 per acre this year, what percent return does he earn on his investment?

Respuesta :

Let's begin by identifying key information given to us:

Amount invested (Initial Value) = $210 /acre

Gross income (Final Value) = $220 /acre

The percentage return is given by:

[tex]\begin{gathered} Return=\frac{FinalValue-InitialValue}{InitialValue} \\ Return=\frac{220-210}{210}=\frac{10}{210} \\ Return=0.04762\approx4.76\approx4.8 \\ Return=4.8\text{\%} \end{gathered}[/tex]

Therefore, the return on investment is 4.8%

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