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The total investment in a project is Rs. 10 lakhs and the annual profit is 1.5 lakhs. If the project life is 10 years, then the simple rate of return on investment is__________________?
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The total investment in a project is Rs. 10 lakhs and the annual profit is 1.5 lakhs. If the project life is 10 years, then the simple rate of return on investment is__________________?
A. 15%
B. 10%
C. 1.5%
D. 150%
Correct Answer:
1.5%
✔
Last Updated:
February 12, 2019