juan went to college to become a data scientist. his college experience cost him $85,000. he took out…

juan went to college to become a data scientist. his college experience cost him $85,000. he took out $70,000 in student loans. he got a job starting at $78,000. in the next 10 years he will make $780,000 working as a data scientist. negative roi positive roi

juan went to college to become a data scientist. his college experience cost him $85,000. he took out $70,000 in student loans. he got a job starting at $78,000. in the next 10 years he will make $780,000 working as a data scientist. negative roi positive roi

Answer

Explanation:

Step1: Define ROI formula

ROI = $\frac{\text{Net Profit}}{\text{Cost}}\times100%$, where Net Profit = Total Earnings - Cost.

Step2: Calculate cost

The cost of college experience is $85000$.

Step3: Calculate total earnings

The total earnings in 10 - year is $780000$.

Step4: Calculate net profit

Net Profit = $780000 - 85000=695000$.

Step5: Calculate ROI

ROI = $\frac{695000}{85000}\times100%\approx817.65%$. Since ROI > 0, it is positive.

Answer:

Positive ROI