Question

The Practical Investment Club has 13 members with equal shares.  Their total investment to date is $24,689.55.  How much is the value of each member's share in the club?

Answer 1

THE ANSWER TO THIS QUESTION IS GOING TO BE 1,899.20

Answer 2

Number of members = 13
Total investment = $24,689.55

Since they have equal shares, dividing the total investment with number of members gives shares value per member.

That is
Value of shares per member = $24,689.55/13 = $1,899.20