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MAVERICK [17]
3 years ago
10

Eric invested 5000 dollars in the stock market. The value of his stock increased by 13%. a) what is the amount earned from this

investment?
b) what is the new value of the stock?
Mathematics
1 answer:
blagie [28]3 years ago
4 0

Answer:

Earnings = 650

New\ Value = 5650

Step-by-step explanation:

Given

Amount = 5000

Rate = 13\%

Solving (a): The earnings.

This is calculated as:

Earnings = Amount * Rate

Earnings = 5000 * 13\%

Earnings = 650

Solving (b): New Value

This is calculated as:

So, we have:

New\ Value = Amount + Earnings

New\ Value = 5000 + 650

New\ Value = 5650

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