By investing in a John Deere PowerTech engine for $3,200, a pallet manufacturer was able to show a net savings of $500 in annual maintenance costs. Calculate the return on investment for the engine. A. 15.6 percent

B. 1.6 percent

C. 6.4 percent

D. 32 percent

E. 21.3 percent

Question

Jazlene York

Business

6 March, 22:09

By investing in a John Deere PowerTech engine for $3,200, a pallet manufacturer was able to show a net savings of $500 in annual maintenance costs. Calculate the return on investment for the engine. A. 15.6 percent

B. 1.6 percent

C. 6.4 percent

D. 32 percent

E. 21.3 percent

+1

Answers (1)

Know the Answer?

Kayden · Answer 1

15.6%

Explanation:

Investment = $3200

Net savings = $500

Investment returns in % = Net savings/Investment * 100

= 500/3200 * 100

= 0.15625 * 100

= 15.6%

By investing in a John Deere PowerTech engine for $3,200, a pallet manufacturer was able to show a net savings of $500 in annual maintenance costs. Calculate the return on investment for the engine. A. 15.6 percentB. 1.6 percentC. 6.4 percentD. 32 percentE. 21.3 percent

By investing in a John Deere PowerTech engine for $3,200, a pallet manufacturer was able to show a net savings of $500 in annual maintenance costs. Calculate the return on investment for the engine. A. 15.6 percent

B. 1.6 percent

C. 6.4 percent

D. 32 percent

E. 21.3 percent