Answer:
7%
Step-by-step explanation:
Step one:
given data
The original cost of Sam’s investment is $10,000
Sam calculated his real return to be $10,700
Required:
the interest made from the investment is
10700-10000= $700
Step two:
The ROI is a percentage that tells us the interest made
interest/investment*100
=700/10000*100
=0.07*100
= 7%
The ROI is 7%
