marcus went to community college to study nursing. he spent $15,000 on his tuition and immediately started a…

marcus went to community college to study nursing. he spent $15,000 on his tuition and immediately started a job as an er nurse after graduation. he makes $70,000 per year with his associate’s degree in nursing. negative roi positive roi

marcus went to community college to study nursing. he spent $15,000 on his tuition and immediately started a job as an er nurse after graduation. he makes $70,000 per year with his associate’s degree in nursing. negative roi positive roi

Answer

Explanation:

Step1: Define return - on - investment (ROI) formula

ROI = $\frac{\text{Net Profit}}{\text{Cost of Investment}}\times100%$, where Net Profit = Total Earnings - Cost of Investment. Here, the cost of investment is the tuition cost of $15000$, and the annual earnings are $70000$. Since he has started earning after graduation, the net profit is positive as earnings ($70000$) are greater than the tuition cost ($15000$).

Answer:

Positive ROI