Investopedia Return on Investment (ROI)Investopedia's pageReturn on Investment (ROI) page says:
ROI can be used in conjunction with Rate of Return, which takes in account a project’s time frame
From this I understood that Return on Investment and Rate of Return are different formulaformulas. they bothThey are two different measures. But in Rate of Return – RoR Definitionthe pageRate of Return (RoR) page, it says:
This simple rate of return is sometimes called the basic growth rate, or alternatively, return on investment, or ROI.
The second quote I have given from Investopedia ROR page contradicts withthe first quote from the ROI page. Moreover, the word "return on investment" is linked to the ROI page mentioned in the first line.
I am confused. Can anybody confirm that both are the same? If no Whatnot, what are the formulas for these two measures and the differences between them?