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

Answer 1

2,643 - 2,300=343
343 divide 2,300= 0.1491304348
When rounded to the nearest percent
15%
Just remember that when finding percent change subtract the bigger no. From the smaller no. Then divide the answer by the original amount.


I hope this helps you :)

Answer 2

we know that

the amount
`\$2,300` -------> represent the
`100\%`

so

Find the percentage of the amount
`\$2,643`

by proportion

`(100)/(2,300) =(x)/(2,643) \\\\ 100*2,643 =x*2,300\\\\ x =(100*2,643)/(2,300) \\\\ x= 114.91\%`

Find the percentage gain

`Percentage\ gain =114.91-100 =14.91\% =15\%`

therefore

the answer is

The percentage gain on the investment is
`15\%`