SOLUTION: On Monday, an investor bought 100 shares of stock. On Tuesday, the value of the shares went up 3%. How much did the investor pay for the 100 shares if he sold them Wednesday mornin

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Question 1162623: On Monday, an investor bought 100 shares of stock. On Tuesday, the value of the shares went up 3%. How much did the investor pay for the 100 shares if he sold them Wednesday morning for $1545?
Answer by ikleyn(52781)   (Show Source): You can put this solution on YOUR website!
.

Let x be the value under the problem's question.


Then


    1.03x = 1545  dollars,


which implies


    x =  = 1500 dollars.    ANSWER

Solved.



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