Please help me and please show your work (1thanks reward)
1 answer:
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Answer:
$ 8800
Step-by-step explanation:
The complete question with options is attached in the image below
Amount of profit earned = $ 1320
The profit was 15% of the amount invested.
Let x be the total amount that was invested 30 days ago to buy the shares of the company.
So,
Profit = 15% of the amount invested
1320 = 15% of x
1320 = 0.15(x)
x =
x = $ 8800
This means, the worth of shares was $ 8800 when they were originally purchased.
