two friends make investments:\n* friend 1 invests $500 and now its worth $750\n* friend 2 invests $1,000 and…

two friends make investments:\n* friend 1 invests $500 and now its worth $750\n* friend 2 invests $1,000 and now its worth $1,300\nwho had the higher roi?\no a friend 1\no b friend 2\no c both the same\no d neither made a profit

two friends make investments:\n* friend 1 invests $500 and now its worth $750\n* friend 2 invests $1,000 and now its worth $1,300\nwho had the higher roi?\no a friend 1\no b friend 2\no c both the same\no d neither made a profit

Answer

Explanation:

Step1: Calculate ROI for Friend 1

ROI formula is $\text{ROI}=\frac{\text{Current Value}-\text{Initial Investment}}{\text{Initial Investment}}\times100%$. For Friend 1, initial investment is $500$ and current value is $750$. So $\text{ROI}_1=\frac{750 - 500}{500}\times100%=\frac{250}{500}\times100% = 50%$.

Step2: Calculate ROI for Friend 2

For Friend 2, initial investment is $1000$ and current value is $1300$. So $\text{ROI}_2=\frac{1300 - 1000}{1000}\times100%=\frac{300}{1000}\times100%=30%$.

Step3: Compare ROIs

Since $50%>30%$, Friend 1 has a higher ROI.

Answer:

A. Friend 1