SOLUTION: Jim invested in Ford Motors. He gained 10% of his investment, giving him $50. What was his initial investment?

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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) About Me  (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