Question

Terry invested $2,200 in the stock market for 2 years. If the investment earned 12%, how muchmoney did Terry earn in 2 years?

Answer 1

We will have that $2200 represent the 100%, then how much money does 12% represent.

In order to solve for the ammount of money we multiply the invested ammount ($2200) times the percentage we want to know (12%) and divide it by 100%, that is:

`m=(2200\cdot12)/(100)\Rightarrow m=264`

Here we can see, he earned $264 in those 2 years.