Question

At the beginning of January, Rachel's investment was worth $97.25. By the end of the month, the value of the investment changed by a loss of $21.90. What was the value, in dollars, of the investment at the end of January?

a) $119.15
b) $75.35
c) $119.25
d) $119.90

Answer 1

To find the end-of-month value of Rachel's investment, we subtract the loss of $21.90 from the initial value of $97.25, resulting in a final value of $75.35.

Step-by-step explanation:

The student's question is about calculating the value of an investment at the end of a specific period given an initial value and a loss over that period. At the beginning of January, Rachel's investment was worth $97.25. Over the course of the month, the value decreased due to a loss of $21.90. To find the value at the end of January, we subtract the loss from the initial value:

$97.25 - $21.90 = $75.35.

Therefore, the value of Rachel's investment at the end of January is $75.35.