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

Algebra ->  Equations -> 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      Log On

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


Then


    1.03x = 1545  dollars,


which implies


    x =  = 1500 dollars.    ANSWER