Question

You invested $2,300 in a stock. Your account now has a value of $2,643. Your percentage gain on the investment (rounded to the nearest percent) was:

a)0% b)5% c)10% d)15%

Answer 1

Your percentage gain on the investment was d)15%

To find percentage increase we subtract original number from new number.
2,643 - 2,300 = 343
Then we divide 343 by 2,300 = .1491
Then you multiply by 100.
.1491 * 100 = 14.91
It is a 14.91% (rounded) increase.
So the nearest percent out of these options would be 15%.

Hope this helps you! (:
-Hamilton1757

Answer 2

15℅

Step-by-step explanation:

Amount invested = $2,300

Present account balance = $2643

%gain on the investment can be calculated as;

Current balance-initial amount invested/initial amount invested× 100%

Substituting the figures given in the formula we will have;

% gain = {$2643-$2300/$2300}×100%

% gain = ($343/$2300)×100%

% gain = 0.1491×100%

% gain = 14.91%

= 15% (to the nearest percent)