SOLUTION: A stock increased 700% over the past 6 years.this was an increase of$1400.what was the value of stock 6 years ago?what is the value of stock now?
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Question 1050103: A stock increased 700% over the past 6 years.this was an increase of$1400.what was the value of stock 6 years ago?what is the value of stock now?
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
Let = the value of the stock 6 yrs ago
( note that the actual value after 6 yrs is ,
but they give you just the amount of the increase )
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The value of the stock 6 yrs ago was $200
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The value of the stock now is:
$1,600
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