Quentin bought shares on the stock exchange worth $3240. Over 10 years the shares increased in value by 400%. The new value of the shares is

Question

Quentin bought shares on the stock exchange worth $3240. Over 10 years the shares increased in value by 400%. The new value of the shares is
🧐 Not the exact question you are looking for?Go ask a question

Solution 1

To find the new value of the shares, we first need to calculate the increase in value.

  1. We know that the shares increased in value by 400%. This means that the shares increased by 4 times their original value.

  2. To find the increase in value, we multiply the original value of the shares by 4. Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob

Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv

This problem has been solved

Similar Questions

Quentin bought shares on the stock exchange worth $3240. Over 10 years the shares increased in value by 400%. The new value of the shares is

A sum invested in a fixed interest bank deposit account increased in value by 40% over 5 years.

Luke invested his money in the stock market worth ₱500,000 and earns about 5% yearly.How much will the interest be after 10 years?

Which is refers to the process of offering shares of a private corporation to the public in a new stock issuance.a.IPOb.UPOc.POd.NPO

If you invested $6,000 for 5 years at %, and the account was worth $6,375 after the 5 years, what is the maturity value?

1/3