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Elina [12.6K]
3 years ago
12

16) The Millers plan on retiring soon. When they were first married they purchased 1,000 shares in a mutual fund that was at tha

t time paying $10 a share. Now, thirty years later it is paying $78 a share. What is the percent increase for the fund? A) 6.8% B) 7.8% C) 78% D) 680%
Mathematics
1 answer:
OlgaM077 [116]3 years ago
4 0

Answer:

D

Step-by-step explanation:

1,000 × 10 = $10,000

1,000 × 78 = $78,000

increase ÷ original number x 100

68,000 ÷ 10,000 × 100 = 680

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