Return on Investment (ROI) is the annual return you receive on an investment, displayed as a percentage. For example, if the bank is offering a 5% interest rate, then you intuitively know a deposit of $100 today will return an additional $5 a year from now, making the ROI 5%.
Payback Period is nothing more than time needed before you recover your investment. Let’s go back to our $100 investment, but make the annual return $50 (or a 50% ROI). If you receive $50 every year, it will take two years to recover your $100 investment, making your Payback Period two years.
ROI and Payback Period Calculator
Below is a calculator that will help you understand the potential revenue by adding NRCIA inspections to your services offered for clients.
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ROI and Payback Period Calculator
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