SOLUTION: Jim invested in Ford Motors. He gained 10% of his investment, giving him $50. What was his initial investment?
Algebra.Com
Question 214841: Jim invested in Ford Motors. He gained 10% of his investment, giving him $50. What was his initial investment?
Answer by checkley77(12844) (Show Source): You can put this solution on YOUR website!
50=x(1+.10)^1 I'm assuming it's for 1 year.
50=1.1x
x=50/1.1
x=$45.45 was his initial investment.
Proof:
45.45*1.1=50
50~50
RELATED QUESTIONS
a man invested one million naira in two ventures. from investment X he gained 7% and... (answered by addingup)
An investment portfolio of stocks and bonds, with an initial investment of $120,000... (answered by checkley77)
Lisa invested in corn.She lost 5% of her investment,costing her $110. What was her... (answered by stanbon)
A teacher's income from his investment in balloon bank and monthly wages is $100000. he... (answered by mananth,ikleyn,MathTherapy)
Jim invested $24,000, part at 8%, and the rest at 7.2%. How much did he invest at each... (answered by josmiceli)
Gary invested one-third of his insurance settlement in a CD that yielded 12%. He also... (answered by rfer,MathTherapy)
roland inherited a certain amount of money from his grandfather. he invested part of it... (answered by Boreal)
Ernesto invested $25,000 in a CD that paid 5% compounded annually for 6 years. what was... (answered by rfer)