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. So, $3240 * 4 = $12,960.

3. To find the new value of the shares, we add the increase in value to the original value. So, $3240 + $12,960 = $16,200.

So, the new value of the shares is $16,200.

Question

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. So, $3240 * 4 = $12,960.

3. To find the new value of the shares, we add the increase in value to the original value. So, $3240 + $12,960 = $16,200.

So, the new value of the shares is $16,200.

Knowee AI · Accepted Answer

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. So, $3240 * 4 = $12,960.

3. To find the new value of the shares, we add the increase in value to the original value. So, $3240 + $12,960 = $16,200.

So, the new value of the shares is $16,200.

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