SOLUTION: The value of your stock investment in a certain company decreased
10% over the last year. If the value of your stock investment is $10,000
today, then what was the value of your
Algebra.Com
Question 1056824: The value of your stock investment in a certain company decreased
10% over the last year. If the value of your stock investment is $10,000
today, then what was the value of your stock investment a year ago? Round your answer to the nearest cent, if necessary.
Answer by jorel555(1290) (Show Source): You can put this solution on YOUR website!
If the value of the stock investment decreased by 10%, then it's value now is 1-10%, or 90% of what it once was. So:
.9x=10000
x=10000/.9=$11,111.11 was the original value of the stock. ☺☺☺☺
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