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31 August, 13:08

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

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Answers (1)
  1. 31 August, 14:07
    0
    15.6%

    Explanation:

    Investment = $3200

    Net savings = $500

    Investment returns in % = Net savings/Investment * 100

    = 500/3200 * 100

    = 0.15625 * 100

    = 15.6%
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Home » Business » 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.
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