Question 1050103
Let {{{ x }}} = the value of the stock 6 yrs ago
{{{ ( 700/100 )*x = 1400 }}}
( note that the actual value after 6 yrs is {{{ x + ( 700/100 )*x }}},
but they give you just the amount of the increase )
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{{{ 7x = 1400 }}}
{{{ x = 200 }}}
The value of the stock 6 yrs ago was $200
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The value of the stock now is:
{{{ x + ( 700/100 )*x }}}
{{{ 200 + 7*200 = 1600 }}}
$1,600