Question

You have just received word that your original investment of $1950 has increased in value by 11%. what is the value of your investment today?

Answer 1

In order to solve this problem we would first need to find out what 11% of the original value is in dollars. This can be found by:

1950 x (11/100) = 1950 x 0.11 = $214.5 What this is telling us, is that the original investment has increased by $214.50. Therefore, our final answer will be: 1950 + 214.5 = $2164.5