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eric invested 5000 dollars in the stock market. The value of his stock increased by 13%. a) what is the amount earned from this investment?
b) what is the new value of the stock?

Respuesta :

MrRoyal

Answer:

[tex]Earnings = 650[/tex]

[tex]New\ Value = 5650[/tex]

Step-by-step explanation:

Given

[tex]Amount = 5000[/tex]

[tex]Rate = 13\%[/tex]

Solving (a): The earnings.

This is calculated as:

[tex]Earnings = Amount * Rate[/tex]

[tex]Earnings = 5000 * 13\%[/tex]

[tex]Earnings = 650[/tex]

Solving (b): New Value

This is calculated as:

So, we have:

[tex]New\ Value = Amount + Earnings[/tex]

[tex]New\ Value = 5000 + 650[/tex]

[tex]New\ Value = 5650[/tex]

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